Emdeon Inc. is buying Capario Inc. from private equity firm Marlin Equity Partners.
Capario, headquartered in Santa Ana, California, provides technology that aims to help health care providers get paid more quickly. The company develops CaparioOne, a cloud-based application suite to help users manage revenue cycles. Terms were not disclosed.
Capario has been backed by Marlin Equity Partners since 2008. The firm has more than $3 billion in capital under management. The deal was announced June 23.
Nashville, Tennessee-based Emdeon provides revenue and payment cycle management and clinical information exchange services that aim to connect payers, providers, patients and pharmacies.
According to Harris Williams & Co.'s Sam Hendler, who advised Capario on the deal, leveraging technology-driven services will be critical for providers and payers alike to successfully navigate ICD-10, a medical classification list that serves as a code for diseases, signs and other health-related notes, and address changing payment models as the healthcare ecosystem continues to change.
Jeff Bistrong, Hendler and Tyler Dewing of Harris Williams & Co. advised Capario on the deal.