Global investment firm Marlin Equity Partners is acquiring ADP-owned AdvancedMD, which is one of the most comprehensive technology ecosystems used by over 17,500 practitioners and 500 medical billing companies. AdvancedMD includes fully-integrated electronic health records, practice management, patient relationship management, as well as big data reporting and business intelligence tools designed to automate and optimize workflow in all areas of the practice. The company’s solutions are proven to accelerate revenue capture, streamline workflow and productivity, and facilitate improved patient health and satisfaction.

Under the deal, Raul Villar, ADP AdvancedMD president, will continue as CEO of the independent company following a 26-year career with ADP as a corporate vice president.

“Marlin Equity Partners is a perfect fit for AdvancedMD as Marlin is committed to our vision of enabling medical practices to increase cash flow, reduce administrative burden and improve patient care,” Villar said. “Under Marlin ownership we are well positioned to accelerate product investment and will continue to deliver best-in-class implementation and service to our loyal clients and partners.”

Closing of the transaction is expected in the third or fourth quarter of calendar 2015 and is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.