JMI Equity, a private-equity firm, closed on a deal for an undisclosed stake in the Studer Group, a healthcare consulting and coaching company.
Private-equity firm takes stake in Studer
Terms of the deal and JMI Equity’s stake in the Studer Group were not released. Brian Robinson, executive vice president of the Studer Group, Gulf Breeze, Fla., said in an interview that the company sought financing to accelerate development of research, intellectual capital and software to respond to the Patient Protection and Affordable Care Act.
The Studer Group began to pursue financing after company executives set a development timeline during strategic planning roughly a year ago, Robinson said. He said Studer Group officials opted for private equity rather than debt financing to gain access to the experience and expertise of private equity investors. JMI Equity, which operates out of Baltimore and San Diego and manages $2.1 billion, invests in healthcare IT as well as other software, internet and business service companies, according to the news release announcing the transaction.
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