Foley & Lardner LLP represented Thoughtful Automation Inc. (Thoughtful.ai), a provider of artificial intelligence powered revenue cycle automation solutions, in connection with a strategic growth investment from New Mountain Capital, LLC, a growth-oriented investment firm with more than $55 billion in assets under management.
Founded in 2020, Thoughtful.ai provides AI-powered tools designed to enhance productivity, accuracy, and scalability in health care revenue cycle operations. Its revenue cycle management-focused AI agents enable customers to streamline their revenue cycle departments and implement automation within their systems, resulting in reduced operational costs, increased revenue, and improved service quality for health care providers and supporting a greater focus on patient care.
The investment will support Thoughtful.ai’s next phase of growth and further accelerate automation and AI adoption to address the complex challenges facing health care providers.
The Foley deal team was led by partner Christopher Cain and included senior counsels Mark Mallery and Blake Tengberg and associates Sean Aguirre and Amelia Dahl.
