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August 24, 2015
Woodbridge International, a global middle-market mergers and acquisitions firm, is pleased to announce the acquisition of its client, Cobalt Health, Inc. to Brook Venture Partners.
Headquartered in Murray, Utah, Cobalt Health provides billing and related RCM services to molecular diagnostic, specialty clinical and toxicology labs throughout the U.S. The Company's comprehensive offering integrates and seamlessly automates accounts receivables, administrative and business functions and spans the entire revenue cycle management process from front office to integrated practice management software.
Wakefield, Massachusetts-based Brook Venture Partners has invested in or acquired controlling interest in over 40 expansion stage companies. The firm is focused on Information Technology Businesses including healthcare IT systems and Tech-Enabled Services Businesses.
The Cobalt transaction was an add-on acquisition to a related Brook Venture portfolio company.