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Thomas H Lee Partners acquires Intelligent Medical Objects

Thomas H Lee Partners, LP (THL), a private equity firm investing in growth companies, has acquired a majority interest in Intelligent Medical Objects (IMO or the Company), a healthcare data enablement company and market leader in clinical terminology solutions from Warburg Pincus, a leading global growth investor.

THL’s investment will support the Company’s product development and expanded commercial relationships with hospitals and other health care providers.

Founded in 1994, IMO manages more than 5 million clinical terms and maps to all major coding systems. Its suite of software products, which is used by over 740,000 physicians daily, helps hospitals minimise clinician burnout, reduce unnecessary care and charges, optimise billing and reimbursement, streamline data management, and inform better care. The Company’s newer offerings help improve data quality by streamlining clinical workflows and standardizing patient condition and treatment data.

Evercore acted as the exclusive financial advisor and Kirkland & Ellis acted as legal advisor to IMO. William Blair acted as financial advisor, Ropes & Gray acted as legal advisor, Kirkland & Ellis acted as financing legal advisor and Deloitte acted as accounting and tax advisor to THL.

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