Private Equity at Goldman Sachs Alternatives and Everstone Capital sell co-control stake in Omega Healthcare

Private Equity at Goldmans Sachs Alternatives and Everstone Capital have signed an agreement to sell a co-control stake in Omega Healthcare to Ontario Teachers’ Pension Plan. Omega is a leading US-headquartered provider of revenue cycle management and clinical services to US healthcare organizations.

Omega works with healthcare customers  to empower them to deliver exceptional care while enhancing financial performance. The firm helps its clients increase revenues, decrease costs, and improve the overall patient experience through their comprehensive portfolio of technology-enabled and clinically-led solutions. Founded in 2003, Omega has approximately 35,000 employees across 14 delivery centers in the United States, India, Colombia, and the Philippines.

Omega has grown rapidly since 2019 with key value creation initiatives launched during this period under Goldman Sachs and Everstone’s ownership, enhancing Omega’s market position and financial profile. These initiatives include significant technology investment that has yielded benefits for customers through proprietary tools, automation, and in-house expertise. Omega has scaled global delivery capabilities and transformed the organization into a full-suite revenue cycle management provider. During this period, Omega also completed four acquisitions to enter new market segments such as clinical and data services and to add new delivery capabilities in the US and Colombia.

Harsh Nanda, Managing Director and Head of Technology Private Equity within Goldman Sachs Alternatives, commented: “It has been a very collaborative partnership with Everstone and a privilege to work with the Omega team, witnessing up-close the team’s drive and dedication to deliver outstanding outcomes for their customers.  Ontario Teachers’ decision to join us as an investment partner is a testament to Omega management team’s vision and exceptionality.”

“We are delighted to announce the successful sale of our co-control stake in Omega Healthcare” said Avnish Mehra, Vice Chairman and Head of Private Equity at Everstone Capital. “During our ownership period, Omega witnessed a remarkable transformation, solidifying its strong position in the healthcare services industry. This growth is a testament to the remarkable management team and the robust business model that the team helped cultivate. We’re proud of the value created and are confident that Omega is well-positioned for continued success under the new partnership.”

“The last five years have been an incredible journey in partnership with Goldman Sachs and Everstone. The collaborative partnership with the investors has been instrumental in our efforts to accelerate Omega’s growth” said Anurag Mehta, the Co-Founder and CEO of Omega. “We are thrilled to welcome Ontario Teachers’ into the Omega family and value the renewed commitment from Goldman Sachs and Everstone. This partnership reaffirms our commitment to leverage our domain expertise and our unique solutions to empower our clients.”

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