Accel-KKR buys majority stake in EA Holdings

September 11
10:30 AM 2013

Private equity investment company Accel-KKR announced that it had bought majority shares in EA Holdings. While no financial terms were disclosed, the deal included the acquisition of National Electronic Attachment (NEA) and Medical Electronic Attachment (MEA). The two companies provide a secure platform of which healthcare information can be captured, exchanged and stored. In a press release, Accel-KKR said the firms enable health plans and healthcare providers to automate their records and eliminate paper-based processes which were inefficient.

Accel-KKR Managing Directors Rob Palumbo and Jason Klein said they were looking forward to working with the EA team. "This investment fits well with our focus on investing in, and supporting growth-oriented, market leading software and technology-enabled services businesses," they added.

EA Holdings Chief Executive officer Lindy Benton considered Accel-KKR an excellent partner. "The investment from Accel-KKR will enable our company to continue its growth in the dental and medical markets, both of which are expected to expand due to several key macro drivers, including the continued industry shift toward paperless systems and growth in the number of insured," she said.

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