New Mountain Capital has announced it will acquire Machinify.
Machinify, founded in 2016 and based in Palo Alto, California, is a provider of artificial intelligence (AI)-powered software focused on healthcare claims and payments.
New Mountain, based in New York, is a growth-oriented investment firm. Founded in 1999, the firm manages private equity, credit and net lease real estate funds with approximately $55 billion in assets under management.
The acquisition is expected to close in the first quarter of 2025.
Terms of the transaction were not disclosed.