M*Modal deal done

The private-equity arm of JPMorgan Chase has wrapped up its $1.1 billion acquisition of clinical documentation services provider M*Modal. The latter will remain based in Cool Springs, and CEO Vern Davenport says his team is ready to grow.

“With all that the dedicated people of M*Modal have accomplished this past year, M*Modal is now uniquely positioned as a critical player in impacting the quality of healthcare and controlling its costs. Together, with our global force of highly skilled clinical transcriptionists and medical coders, our advanced Speech Understanding technology and our comprehensive workflow solutions, our new ownership can now fuel the growth and expansion of this powerful combination of talent and technology.”