Council Capital, a healthcare-focused private equity firm based in Nashville, announced today that it has sold its stake in emids to New Mountain Capital. Terms of the transaction were not disclosed. Council initially invested in emids in 2013.
emids is a global provider of technology services and solutions for healthcare payers and providers. The company’s services include consulting, custom application development, and data solutions that support EHR application deployment and management, analytics, data integration and governance, software development and testing, and business intelligence. emids is headquartered in Nashville.
Since 2013, emids has grown substantially, expanding its offerings, growing its customer base, and acquiring Encore Health, which expanded its coverage in the provider market. emids’ success has been reinforced by its outstanding team, who is responsible for emids consistently achieving strong KLAS ratings – the standard for assessing vendor quality in the healthcare market.
Saurabh Sinha, Founder and CEO of emids, added, “We have appreciated our partnership with Council Capital over the last six years. Fast-growing companies don’t have trouble accessing capital. What I needed was access to proven company builders who share best practices, open doors to fuel growth and are people I trust to have the company’s best interests at heart. Council has delivered on this for us.”
“We sincerely enjoyed partnering with the team at emids and are excited for the company to continue its growth,” said Grant Jackson, Managing General Partner at Council Capital. “emids is well positioned to continue to capitalize on the tremendous opportunities within the healthcare information technology services sector, and we are confident that the company will continue to thrive in partnership with New Mountain Capital.”
About Council Capital
Council Capital is a healthcare-focused private equity firm based in Nashville, Tennessee. Council Capital invests in lower middle market healthcare-related companies where it can drive growth by applying its Council Model, which draws upon the resources and experience of its CEO Council (experienced industry executives), Strategic Healthcare Investors, and Shared Portfolio Executives. Council Capital leverages its Council Model to attract and support leading management teams and portfolio companies on the ‘right side’ of change in the healthcare industry – where growth will accelerate as cost pressure and quality demands increase. Council Capital targets control and minority investments with enterprise values between $10 million and $50 million. For more details, please visit www.councilcapital.com.
About emids
emids is a global provider of healthcare technology expertise and consulting services and solutions that serves payers, providers and tech enablers. Headquartered in Nashville, emids helps bridge the critical gaps in accessible, affordable, high-quality healthcare by providing advisory consulting services, custom application development and data solutions. Services include EHR application deployment and management, analytics, data integration and governance, software development and testing, and business intelligence. Visit www.emids.com