TA Associates Invests in RCM Specialist Alpha II
WestView Capital Partners has agreed to sell Alpha II to TA Associates and reinvest in the company for a minority stake. Alpha II provides revenue cycle management software to the healthcare industry.
Financial terms of the transaction were not disclosed. The transaction is expected to close in June of 2023.
Founded in 1983, Tallahassee, FL-based Alpha II says its proprietary rules engine helps providers proactively identify coding errors to ensure appropriate reimbursement, minimize denials and increase staff productivity.
“As medical coding complexity grows and providers demand increasingly advanced solutions, we aim to support the expansion of Alpha II’s product suite via organic and acquisition-driven growth, while continuing to deliver ROI for our customers,” said Mark Carter, managing director and co-head of the North America.
As part of TA’s investment, Mark Carter, Ethan Liebermann, and Eric Zagorski will join the Board of Directors.
Kirkland & Ellis provided legal counsel to TA. William Blair served as exclusive financial advisor and Latham & Watkins served as legal advisor for Alpha II and WestView.
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