Technology Partners, LLC

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Technology Partners, LLC - overview

Established

2000

Location

Charlotte, NC, US

Primary Industry

Software

About

Technology Partners, LLC specializes in providing efficient revenue cycle management solutions tailored for healthcare providers, enhancing medical billing and analytics processes through innovative software solutions. Founded in 2000 in Charlotte, US, Technology Partners, LLC focuses on revenue cycle management by offering a range of software solutions. The company has undergone a strategic pivot with a majority stake acquisition by Marlin Equity Partners in November 2021 from Mountaingate Capital, aimed at bolstering its technology capabilities. The CEO, Lance Smith, has been instrumental in leading the company since its inception, with a history of significant contributions to the tech industry.


The company has completed a total of 2 deals, with its most recent deal occurring on November 23, 2021. ImagineSoftware™ delivers a comprehensive suite of revenue cycle management (RCM) solutions that include ImagineBilling™, ImagineCoding™, and ImagineIntelligence™. These products are specifically designed for healthcare providers, enabling automation of billing processes, workflow optimization, and advanced analytics to facilitate financial improvements across various specialties such as anesthesiology, emergency medicine, radiology, and urgent care. Healthcare providers and billing companies in the United States leverage these solutions to enhance operational efficiency and improve patient payment experiences.


Technology Partners, LLC operates with a subscription-based revenue model, where clients enter into long-term contracts for its RCM solutions. The agreements typically include tiered pricing that adjusts based on the number of users or transaction volumes, thus catering to practices of different sizes. ImagineBilling™ and ImagineIntelligence™ are central to these contracts, providing essential billing support and analytical capabilities that enhance client collections and operational efficiencies. Following the acquisition in November 2021, Technology Partners, LLC is poised for growth through the expansion of its technology capabilities.


The company plans to introduce new products, although specific details on upcoming releases have yet to be disclosed. Additionally, there are intentions to expand into new markets, particularly targeting urban healthcare hubs within the United States. The recent funding from Marlin Equity Partners will support these initiatives, aimed at driving innovation and market reach.


Current Investors

Marlin Equity Partners

Primary Industry

Software

Sub Industries

Accounting/Finance Software, Medical Software

Website

www.imagineteam.com

Verticals

Cloud Computing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Technology Partners, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedExchange EDI-
Secondary BuyoutCompletedTechnology Partners, LLC-
Add-onCompletedProvider Ally, Inc.-
RecapitalisationCompletedTechnology Partners, LLC-

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