Shearman & Sterling advised Symphony Technology Group, a technology and services-focused private equity firm, on its acquisition of MDdatacor from Noridian Mutual Insurance Company (NMIC). Terms of the deal were not disclosed.
MDdatacor, based in Alpharetta, GA, is a provider of next-generation healthcare data integration and analytic solutions that enable payers and providers to integrate and act upon integrated patient information.
The acquired company will be brought together with other assets from STG to form Symphony Performance Health (SPH), an independent portfolio company under Symphony Technology Group.
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great technology and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 15 global companies.
Symphony Performance Health helps clients grow and enables a transformation of the healthcare ecosystem by providing best-in-class information, analytics and technology solutions with actionable insights. The company connects and integrates claims and clinical data, analytics and consulting, leveraging this rich data to deliver a comprehensive perspective on the real dynamics that drive business in the payer and provider markets.