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MRO Corp., which operates in the secure, compliant and efficient exchange of protected health information, has received an investment from Parthenon Capital, a growth-oriented private equity firm. As part of the transaction, Parthenon provided capital for growth purposes and acquired a meaningful ownership stake in the company.

Parthenon's investment in MRO provides resources and capital to support the continued expansion of the company's capabilities focused on helping healthcare providers manage the exchange of protected health information.

Houlihan Lokey served as the exclusive financial advisor to MRO, while Torys LLP served as the company's legal advisor. Kirkland & Ellis served as Parthenon's legal adviser.