Founded in 1994, HealthComp is the largest independent Third Party Administrator (TPA) of healthcare benefits to self-funded employers. The Company addresses the “dual mandate” to reduce costs and improve outcomes within the healthcare ecosystem. HealthComp offers core healthcare administrative services alongside a robust set of payment integrity and care management offerings to reduce costs, maximize efficiencies, and improve health outcomes for self-funded employer groups.
New Mountain’s investment in HealthComp sits at the intersection of the firm’s longstanding deep dives in healthcare cost containment, payer services & technologies, and digital transformation. Given its deep sector knowledge and highly relevant industry relationships, the NMC team was able to rapidly develop a unique “business building” and value creation thesis. Due to NMC’s track record and reputation in the space, NMC emerged as management’s preferred partner and was able to preempt the limited auction process to get to a one-off, negotiated transaction.