Global private equity firm TA Associates is to make a significant growth investment in Alpha II, a provider of revenue cycle management technology solutions to healthcare providers across the US.
Global private equity firm TA Associates (TA) is to make a significant growth investment in Alpha II, a provider of revenue cycle management (RCM) technology solutions to healthcare providers across the US.
As part of the transaction, existing shareholder WestView Capital Partners will reinvest alongside TA to maintain a minority position in the Company.
Founded in 1983, Alpha II says its proprietary rules engine helps providers proactively identify coding errors to ensure appropriate reimbursement, minimise denials and increase staff productivity. T
As part of TA’s investment, Mark Carter, Ethan Liebermann, and Eric Zagorski will join the Board of Directors. The transaction is expected to close in June of 2023.
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. Financial terms of the transaction were not disclosed.