About MRO
MRO is a company based in Norristown (United States) founded in 2002 by Mark Thomas was acquired by Parthenon Capital in October 2019.. MRO has raised $22.48 million across 1 funding round from investors including Imperial Capital and Parthenon Capital. The company has 1,546 employees as of December 31, 2022. MRO has completed 5 acquisitions, including Clinetic, Cobius Healthcare Solutions and Figmd. MRO offers products and services including Clinical Data Exchange Platform (CDXP), Audit Manager, and Exchange Connector. MRO operates in a competitive market with competitors including Metriport, Verato, eBlu Solutions, Artisight and NaviNet, among others.
- Headquarter Norristown, United States
- Employees 1546 as on 31 Dec, 2022
- Founders Mark Thomas
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mro Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.48 M (USD)
in 1 rounds
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Latest Funding Round
$22.48 M (USD), Private Equity Round
Sep 29, 2014
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Investors
Imperial Capital
& 1 more
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Employee Count
1546
as on Dec 31, 2022
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Investments & Acquisitions
Clinetic
& 4 more
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Acquired by
Parthenon Capital
(Oct 28, 2019)
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Products & Services of MRO
MRO offers a comprehensive portfolio of products and services, including Clinical Data Exchange Platform (CDXP), Audit Manager, and Exchange Connector. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates seamless exchange and normalization of clinical data.
Monitors and manages institutional audits for healthcare systems.
Enables bidirectional clinical data exchange for requesters.
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Funding Insights of MRO
MRO has successfully raised a total of $22.48M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $22.48 million completed in September 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $22.5M
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First Round
First Round
(29 Sep 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Private Equity Round - MRO | Valuation | Imperial Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MRO
MRO has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Imperial Capital and Parthenon Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Imperial Capital is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MRO
MRO has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Clinetic, Cobius Healthcare Solutions and Figmd. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of data analysis and diagnostic tools for clinical trial professionals
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2017 | ||||
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Healthcare quality measurement and improvement solutions are delivered.
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2010 | ||||
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Outsourced quality reporting measures are provided to acute healthcare facilities.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MRO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mro Comparisons
Competitors of MRO
MRO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Metriport, Verato, eBlu Solutions, Artisight and NaviNet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of interoperability platform for healthcare providers
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| domain | founded_year | HQ Location |
Disparate identities are resolved, linked, and privatized via SaaS technology.
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| domain | founded_year | HQ Location |
Administrative management solutions for healthcare professionals' support programs are provided.
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| domain | founded_year | HQ Location |
IoT solutions for healthcare monitoring and fall prevention are provided.
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| domain | founded_year | HQ Location |
Healthcare collaboration network for providers and insurers is facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mro
Frequently Asked Questions about MRO
When was MRO founded?
MRO was founded in 2002 and raised its 1st funding round 12 years after it was founded.
Where is MRO located?
MRO is headquartered in Norristown, United States. It is registered at Norristown, Pennsylvania, United States.
Is MRO a funded company?
MRO is a funded company, having raised a total of $22.48M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $22.48M, raised on Sep 29, 2014.
How many employees does MRO have?
As of Dec 31, 2022, the latest employee count at MRO is 1,546.
What does MRO do?
MRO offers solutions for secure, compliant and efficient exchange of Protected Health Information (PHI) for healthcare organizations. The solutions include a technology-driven suite for PHI disclosure management. Also supports value-based initiatives like interoperability, meaningful use, and health information exchange. Offer solutions for Release of Information, Government and Commercial Payer Audit Management, Accounting of Disclosures, Direct Secure Messaging, Interoperability Services and Document Management. Featured at 3290 on Inc. 5000 list of fastest growing companies in America (2015), 1 for Release of Information Quality and Overall Performance, HIM Services Performance 2015: Coding, Transcription, Release of Information, KLAS, Ranked Most Innovative Disclosure Management Firm USA 2015, Corporate LiveWire, Category Leader for the Release of Information (ROI) services market segment, Best in KLAS: Software Professional Services report, 2013201420152016.
Who are the top competitors of MRO?
MRO's top competitors include Verato, eBlu Solutions and Artisight.
What products or services does MRO offer?
MRO offers Clinical Data Exchange Platform (CDXP), Audit Manager, and Exchange Connector.
How many acquisitions has MRO made?
MRO has made 5 acquisitions, including Clinetic, Cobius Healthcare Solutions, and Figmd.
Who are MRO's investors?
MRO has 2 investors. Key investors include Imperial Capital, and Parthenon Capital.
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