HealthPort and IOD are merging to create a new company with combined revenues of more than $450 million and 6,000 professionals serving approximately 18,000 healthcare facilities across the U.S. The combined company will be well positioned to create innovative insights and product offerings from widely dispersed clinical data. As medical records become fully digitized and changes in healthcare gain momentum, the company’s broad access to clinical data and its transformation capabilities will help customers create value.

“Bringing together IOD and HealthPort will create the scale and resources to improve what we do today and help us accelerate innovation and serve customers in new ways,” said George Abatjoglou, CEO of IOD.

The transaction, facilitated by an investment from New Mountain Capital, is expected to close in the second quarter of 2015, subject to customary regulatory approvals and closing conditions.

Throughout the integration process, HealthPort and IOD will continue to provide their current solutions and service to customers. In the months ahead, the company will introduce new offerings to help customers meet challenges posed by the evolution of their electronic health records (EHR), meaningful use compliance, the impending ICD-10 transition, and evolving reimbursement models.