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.

How many employees does MRO have?

As of Jul 31, 2026, the latest employee count at MRO is 2528.

Is MRO a funded company?

MRO is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Sep 29, 2014.

When was the latest funding round of MRO?

MRO's latest funding was a $***** PE round on Sep 29, 2014, with participation from 1 investor. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $5.67B in funding in 2026 to date.

Where does MRO rank among its competitors?

MRO ranks 7th amongst 112 active competitors, of which 11 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Metriport, which secured $26M in Aug, 2026.

Who are the top competitors of MRO?

MRO's top competitors include CureBay, Artisight and Metriport. Among them, Metriport secured the most recent funding round in August, 2026.

MRO - 2026 Company Profile, Team, Funding & Competitors

MRO is an acquired company based in Norristown (United States), founded in 2002 by Steve Hynes. It operates as a Solutions for secure exchange of Protected Health Information. MRO has raised $22.5M in funding from Imperial Capital. The company has 112 active competitors, including 11 funded and 9 that have exited. Its top competitors include companies like CureBay, Artisight and Metriport.

Company Details

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, 2013/2014/2015/2016.

Website: mrocorp.com
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Registered Address: Norristown, Pennsylvania

Key Metrics

Founded Year

2002

Location

Norristown, United States

Stage

Acquired

Total Funding

$22.5M in 1 round

Latest Funding Round

PE, Sep 29, 2014, $*****

Investors

Imperial Capital

Ranked

7^th among 112 active competitors

Employee Count

2,528 as on Jul 31, 2026

Investment & Acquisitions

Clinetic & 5 more

Similar Companies

CureBay & 131 more

Exit Details

Acquired by Parthenon Capital (Oct 28, 2019)

View MRO's full profile

MRO is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MRO CORPORATION CIN: 10661910 , United States, Active		-	2957 (As on Dec 31, 2024)	-

MRO got acquired by Parthenon Capital on Oct 28, 2019.

Click here to take a look at MRO's acquisition in detail

MRO has raised a total funding of $22.5M over 1 round. Its latest funding round was a PE round on Sep 29, 2014 for $*****. 1 investor participated in its latest round. MRO has 1 institutional investor.

Here is the list of recent funding rounds of MRO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 29, 2014	2475891	PE	5706375	1256280	9676856	9906322

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View details of MRO's funding rounds and investors

The founders of MRO is Steve Hynes.

Here are the details of MRO's key team members:

Steve Hynes: Former Co-Founder of MRO.

View details of MRO's Founder profiles and Board Members

MRO's employee count trend

MRO has 2,528 employees as of Jul 26. Here is MRO's employee count trend over the years:

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Top competitors of MRO include CureBay, Artisight and Metriport. Here is the list of Top 10 competitors of MRO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CureBay 2020, Bhubaneswar (India), Series B	Online platform offering multiple healthcare services	$35.4M	Elevar Equity, Bertelsmann India Investments ... & 36 others	74/100
2nd	Artisight 2017, Glenview (United States), Series B	Provider of IoT solutions for the healthcare industry	$42M	Nvidia, GFT Ventures & 3 others	66/100
3rd	Metriport 2022, San Francisco (United States), Series A	Provider of interoperability platform for healthcare providers	$28.4M	Zillionize, Leonis Investment & 7 others	64/100
4th	Verato 2012, Mclean (United States), Series C	Provider of identity resolution and data enrichment solutions for enterprises	$35M	Columbia Capital, Bessemer Venture Partners ... & 2 others	60/100
5th	Zealthix 2023, Gurugram (India), Seed	SaaS-based interoperable health cloud exchange platform	$1.34M	Unicorn India Ventures, AlphaGen Venture Capital ... & 1 others	53/100
6th	Consensus 2000, Los Angeles (United States), Public	Provider of interoperability software for clinics	-	-	48/100
7th	MRO 2002, Norristown (United States), Acquired	Solutions for secure exchange of Protected Health Information	$22.5M	Imperial Capital	47/100
8th	LiveDrop 2021, Eindhoven (Netherlands), Seed	Provider of healthcare data sharing solutions for seamless transfer of information between devices	$2.5M	Value Creation Capital, Patronum Investment ... & 2 others	46/100
9th	SCWoRx 2016, Tampa (United States), Public	Healthcare supply chain solutions provider specializing in data management and interoperability	-	Dominion Capital	45/100
10th	NaviNet 1997, Boston (United States), Acquired	Secure healthcare portal providing user authentication and information access	$27M	Atlas Venture, North Bridge Venture Partners ... & 1 others	42/100

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MRO has not made any investments yet. MRO has made 6 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 20, 2025	Acquisition	Clinetic	2017	Raleigh (United States)
Jun 13, 2025	Acquisition	Q Centrix	2007	Cleveland (United States)
Feb 22, 2022	Acquisition	Medicopy	2000	Nashville (United States)