Access Healthcare receives growth investment from New Mountain Capital

What's the deal? Access HealthcareDealroom has a profile for this one. Try Dealroom →, led by Anurag Jain, secured a growth equity investment from New Mountain CapitalDealroom has a profile for this one. Try Dealroom → in January 2025. The deal folded Access into New Mountain's Smarter Technologies platform.

The numbers: The companies within the Smarter Technologies portfolio together generate more than $800 million in annual revenue, according to Access chief legal officer Chad Knight.

Why it was complex: The transaction was structured under Singapore law and involved US private equity ownership alongside Indian and US selling shareholders. It was also designed to keep founders and management engaged over the long term.

What's the endgame? Knight, who led the negotiations, said the structure required navigating "legal and accounting rules from five countries to get the deal done." He added: "I led calls with up to 50 participants from law firms, CPA firms, and investors."

The signal: The backing of New Mountain Capital, a notable growth investor, points to sustained appetite for cross-border healthcare services platforms. Consolidating Access under Smarter Technologies signals a play to scale revenue across multiple companies operating in the US, India, and beyond.

Read more: D Magazine

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