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 Apr 30, 2026, the latest employee count at MRO is 2478.

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.

Where does MRO rank among its competitors?

MRO ranks 4th amongst 97 active competitors, of which 10 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Zealthix, which secured $1.1M in Sep, 2025.

Who are the top competitors of MRO?

MRO's top competitors include Artisight, Verato and eBlu Solutions. Among them, Zealthix secured the most recent funding round in September, 2025.

MRO - 2026 Company Profile, Team, Funding & Competitors

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

4^th among 97 active competitors

Employee Count

2,478 as on Apr 30, 2026

Investment & Acquisitions

Clinetic & 5 more

Similar Companies

Artisight & 116 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	1752586	PE	7557922	6884745	5650520	7555943

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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 2,478 employees as of Apr 26. Here is MRO's employee count trend over the years:

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Top competitors of MRO include Artisight, Verato and eBlu Solutions. 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	Artisight 2017, Glenview (United States), Series B	Provider of IoT solutions for the healthcare industry	$42M	Nvidia, GFT Ventures & 3 others	65/100
2nd	Verato 2012, Mclean (United States), Series C	Provider of identity resolution and data enrichment solutions for enterprises	$35M	Bessemer Venture Partners, Columbia Capital ... & 2 others	63/100
3rd	eBlu Solutions 2012, Louisville (United States), Series A	Provider administrative management solution for healthcare professionals	$15.4M	OCA Ventures, FCA Venture Partners & 2 others	58/100
4th	MRO 2002, Norristown (United States), Acquired	Solutions for secure exchange of Protected Health Information	$22.5M	Imperial Capital	47/100
5th	Spesana 2019, United States, Acquired	Provider of an interoperability platform for healthcare	$1.85M	-	50/100
6th	Zealthix 2023, Gurugram (India), Seed	SaaS-based interoperable health cloud exchange platform	$1.34M	Unicorn India Ventures, AlphaGen Venture Capital ... & 1 others	46/100
7th	Metriport 2022, San Francisco (United States), Seed	Provider of interoperability platform for healthcare providers	$2.4M	Zillionize, VentureSouq & 6 others	46/100
8th	SCWoRx 2016, Tampa (United States), Public	Healthcare supply chain solutions provider specializing in data management and interoperability	-	Dominion Capital	46/100
9th	Consensus 2000, Los Angeles (United States), Public	Provider of interoperability software for clinics	-	-	43/100
10th	Informatics In Context 2011, Boston (United States), Seed	Real-time prior authorization automation solution for payers and providers	$2.13M	-	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)