Like Medinomics

closed 9/9/2010 via BusinessWire

PracticeMax, acquired Medinomics

synopsis: PracticeMax, a provider of revenue cycle management and software services, announced it has acquired Medinomics, of Shreveport, La., expanding the operations and geographical footprint of PracticeMax throughout the southern United States.
buyer: PracticeMax
PracticeMax is a national provider of revenue cycle services, including billing, software and consulting for medical practice management and clinical operations. "
target: Medinomics
Formed in 1993, Medinomics is a regional leader providing full-service medical billing, practice management, and electronic medical record technologies to physicians through independent medical practices and hospital owned medical practices and related facilities.
price ($mm)
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announced 4/29/2021 via Company Press Release

WELL Health Technologies Corp., will acquire Doctors Services Group Ltd.

synopsis: WELL Health Technologies Corp., a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce it has entered into a definitive share purchase agreement to acquire 51% of the issued and outstanding shares in Doctors Services Group, an uninsured service-billing program.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$40.92)
WELL Health is an omni-channel digital health company in Canada. WELL Health's overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. The company owns and operates 27 primary healthcare clinics. "
target: Doctors Services Group Ltd.
Ontario, Canada based, Doctors Services Group is the industry leader for uninsured service billing programs and also offers physicians a suite of additional tools and services that will transform practice productivity and enhance patient care.
price ($mm)
$0.76*
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closed 4/7/2021 via GlobeNewswire

Avadyne Health merged with Meduit,

synopsis: Meduit, one of the top five healthcare revenue cycle solutions companies in the country, has merged with Avadyne Health, a company that delivers expertise in patient payment and financial engagement with a complete solution that addresses the needs of patients.
buyer: Meduit
Meduit is one of the nation’s leading revenue cycle solutions companies with decades of experience in the RCM arena, serving more than 850 hospitals and physician practices in 47 states. "
target: Avadyne Health
Avadyne Health delivers expertise in patient payment and financial engagement with a complete solution that addresses the needs of patients. They can scale self-pay account resolution and bad debt recovery services for multi-hospital networks to the largest health systems in the country.
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closed 3/2/2017 via BNC Analysis

NexPhase Capital, acquired Receivables Management Partners

synopsis: NexPhase Capital, a New York City-based private equity firm, acquired revenue cycle management solutions provider Greensburg, Ind.-based Receivables Management Partners (RMP). RMP serves approximately 200 hospitals and more than 30,000 physicians nationwide and is a portfolio company of Thompson Street Capital Partners in St. Louis.
buyer: NexPhase Capital
NexPhase Capital is a sector-focused independent private equity firm that makes control investments in lower middle market growth-oriented companies. Their team of 14 investment professionals possesses extensive experience in the healthcare, industrial services, software and consumer industries. "
target parent: Thompson Street Capital Partners
target: Receivables Management Partners
Receivables Management Partners (RMP) is a financial and accounts receivables management services firm that enables leading healthcare providers to focus on patients instead of payments.
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closed 1/13/2014 via BusinessWire

United Recovery Systems, LP, acquired Financial Health

synopsis: United Recovery Systems, a portfolio company of Audax Private Equity, announced it has completed the acquisition of Financial Health Strategies. Financial Health manages payment receivables for healthcare providers. They deliver a financially solid bottom line, predictable cash flow, and increased net revenue.
buyer parent: Audax Group
buyer: United Recovery Systems, LP
United Recovery Systems, LP is a Texas-based Limited Partnership that provides collection services for credit card, retail, commercial, and deficiency loan industries in the United States. "
target: Financial Health
Financial Health manages payment receivables for healthcare providers. They deliver a financially solid bottom line, predictable cash flow, and increased net revenue without sacrificing precious time, money, and resources.
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closed 7/30/2012 via BNC Analysis

Thompson Street Capital Partners, acquired Receivables Management Partners

synopsis: Thompson Street Capital Partners has acquired Receivables Management Partners, a Greensburg, Ind.–based provider of healthcare accounts receivable management services, from LaSalle Capital Group.
buyer: Thompson Street Capital Partners
Thompson Street Capital Partners is a St. Louis-based private equity firm with a focus on investing in growing, profitable middle-market companies headquartered in North America. TSCP manages over $800mm in private equity. "
target parent: LaSalle Capital Group, L.P.
target: Receivables Management Partners
Receivables Management Partners is the parent company for a family of healthcare accounts receivable management firms. The company is headquartered in Greensburg, IN. It owns and operates four firms with over 235 dedicated employees, all focused on healthcare receivables management.
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closed 5/13/2009 via PR Newswire

IVolution Medical Systems, Inc., acquired Continental Collection Services

synopsis: Universal Capital Management, Inc., a Wilmington, Delaware business development company is pleased to announce that one of its holdings, iVolution Medical Systems, Inc., has acquired Continental Collection Services (CCS), a medical collection service company located in New York City, New York.
buyer parent: Universal Capital Management, Inc.
buyer: IVolution Medical Systems, Inc.
iVolution Medical Systems offers a unique combination of advanced, user-friendly, highly-secure and affordable healthcare technology solutions to both physicians and consumers. "
target: Continental Collection Services
Continental Collection Services (CCS), is a medical collection service company located in New York City, New York.
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closed 3/6/2006 via BNC Analysis

Midwest Collection Services, Inc. merged with The Outsource Group, Inc.,

synopsis: The Outsource Group (TOG), announced today that it has merged with Midwest Collection Services, Inc. (MCS), Florissant, Missouri. The merger will double the size of TOG and add capacity for current and future growth initiatives. The expanded company will have offices in St. Louis, Florissant, and Columbia, Missouri.
buyer: The Outsource Group, Inc.
The Outsource Group, based in St. Louis, MO, is an accounts receivable management company that specializes in insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States. "
target: Midwest Collection Services, Inc.
Midwest Collection Services, Inc. deals with billing, special project account recovery, and management consulting services.
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closed 1/13/2014 via PR Newswire

Cardon Outreach, acquired Via Health

synopsis: Cardon Outreach, one of the leading providers of third party eligibility and patient account management services for hospitals, announced that it has acquired Via Health, a company based in Colorado Springs that is focused on patient-friendly resolution of medical bills.
buyer parent: Serent Capital
buyer: Cardon Outreach
Cardon Healthcare Network is one of the leading providers of third party eligibility and patient account management services for hospitals throughout the country. Cardon also provides a range of other specialized revenue cycle management services. "
target: Via Health
Via Health provides patient pay solutions to healthcare systems and their underinsured patients from facilities in Colorado Springs, CO. Via Health strengthens the patient-provider relationship by reducing the financial stress encountered by patients when paying their medical bills.
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closed 9/9/2010 via BusinessWire

PracticeMax, acquired Medinomics

synopsis: PracticeMax, a provider of revenue cycle management and software services, announced it has acquired Medinomics, of Shreveport, La., expanding the operations and geographical footprint of PracticeMax throughout the southern United States.
buyer: PracticeMax
PracticeMax is a national provider of revenue cycle services, including billing, software and consulting for medical practice management and clinical operations. "
target: Medinomics
Formed in 1993, Medinomics is a regional leader providing full-service medical billing, practice management, and electronic medical record technologies to physicians through independent medical practices and hospital owned medical practices and related facilities.
price ($mm)
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closed 11/11/2015 via BusinessWire

PracticeMax, acquired Medical Management Corporation of America

synopsis: PracticeMax, a national provider of revenue cycle, information technology, satisfaction research and practice management services, announced it has acquired Medical Management Corporation of America, one of the largest medical practice management companies in the Northeast.
buyer: PracticeMax
PracticeMax is a national provider of practice management and healthcare technology services, including billing, software, data analytics and satisfaction research for medical practice and clinical operations. "
target: Medical Management Corporation of America
Providing coding, billing and practice management services, Medical Management Corporation of America enables their clients to focus on patient care while increasing collections, reducing costs and optimizing revenue cycle performance.
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closed 9/10/2014 via BusinessWire

PracticeMax, acquired Optimum Medical Management

synopsis: PracticeMax, a national provider of medical practice management and technology services, announced it has acquired Optimum Medical Management. Optimum Medical Management provides business management services for physicians seeking to reduce practice expenses by consolidating its business office functions.
buyer: PracticeMax
PracticeMax is a national provider of medical practice management and technology services, including billing, software and consulting for medical practice management and clinical operations. "
target: Optimum Medical Management
Optimum Medical Management offers solutions to medical practices to help them achieve their goals and to be able to focus on what matters most, patient care. They provide business management services for physicians seeking to reduce practice expenses by consolidating its business office functions.
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closed 9/9/2013 via BusinessWire

PracticeMax, acquired Medi-Data Service, LTD

synopsis: PracticeMax, a national provider of medical practice management and technology services, announced it has acquired Medi-Data Service, LTD, (MDS) of Naperville, IL, continuing its expansion of operations throughout the Midwest. MDS is one of the oldest most respected medical management firms in the Chicagoland area.
buyer: PracticeMax
PracticeMax is a national provider of medical practice management and technology services, including billing, software and consulting for medical practice management and clinical operations. "
target: Medi-Data Service, LTD
Medi-Data Service, Ltd. provides billing process and accounts receivable management services to individual physicians, groups, and hospital owned practices. It also offers electronic media claims. Medi-Data Service, Ltd. was founded in 1969 and is based in Naperville, Illinois.
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closed 5/22/2013 via BusinessWire

PracticeMax, acquired ABC Medical Management

synopsis: PracticeMax, a national provider of medical practice management and technology services, announced it has acquired ABC Medical Management (ABC) of Phoenix, Arizona. ABC has been a leading provider of billing and practice management services for anesthesia and pain management specialists for over 20 years.
buyer: PracticeMax
PracticeMax is a national provider of medical practice management and technology services, including billing, software and consulting for medical practice management and clinical operations. "
target: ABC Medical Management
ABC Medical is a medical practice management firm specializing in anesthesia medical billing, other specialty medical billing, accounts receivable management, scheduling, credentialing, contract review, and HIPAA compliancy.
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closed 5/7/2012 via BusinessWire

PracticeMax, acquired KLO Professional Billing, Inc.

synopsis: PracticeMax, a provider of revenue cycle management and software services, announced it has acquired KLO Professional Billing of Westmont, Illinois. KLO provides billing and practice management services to physician practices and groups of all sizes throughout the Great Lakes region.
buyer: PracticeMax
PracticeMax’s advanced information technology, PM/EHR solutions and decades of expertise maximize revenue and results for hospital and office-based physician groups, outpatient centers, health systems, school-based professionals and billing services. "
target: KLO Professional Billing, Inc.
KLO Professional Billing, Inc. is a comprehensive medical billing company providing complete and personalized revenue-cycle management services to private practice physicians and physician groups of all sizes and specialties.
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closed 8/22/2011 via BusinessWire

PracticeMax, acquired American Billing Services, Inc.

synopsis: PracticeMax, a provider of revenue cycle management and software services, announced it has acquired American Billing Services of Portland, Oregon, expanding the operations and geographical footprint of PracticeMax in the northwestern United States.
buyer: PracticeMax
PracticeMax is a national provider of revenue cycle services, including billing, software and consulting for medical practice management and clinical operations. "
target: American Billing Services, Inc.
American Billing Services was founded in 1999 by Sara Nofziger, owner and President. Their goal is to provide a cost effective billing and practice management solution to providers so providers can focus on patient care and not on insurance paperwork and follow-up.
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closed 9/9/2010 via BusinessWire

PracticeMax, acquired Medinomics

synopsis: PracticeMax, a provider of revenue cycle management and software services, announced it has acquired Medinomics, of Shreveport, La., expanding the operations and geographical footprint of PracticeMax throughout the southern United States.
buyer: PracticeMax
PracticeMax is a national provider of revenue cycle services, including billing, software and consulting for medical practice management and clinical operations. "
target: Medinomics
Formed in 1993, Medinomics is a regional leader providing full-service medical billing, practice management, and electronic medical record technologies to physicians through independent medical practices and hospital owned medical practices and related facilities.
price ($mm)
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closed 10/29/2020 via BusinessWire

Frazier Healthcare Partners, acquired Accuity Delivery Systems

synopsis: Frazier Healthcare Partners, a Seattle-based healthcare investment firm, acquired Accuity Delivery Systems, a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
buyer: Frazier Healthcare Partners
Frazier Healthcare Partners is a leading middle market private equity firm focused exclusively on healthcare. With more than $4.8 billion total capital raised, Frazier has invested in more than 200 companies. "
target: Accuity Delivery Systems
Accuity is a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
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announced 8/7/2019 via BusinessWire

Guidehouse, will acquire Navigant Consulting

synopsis: Guidehouse, a leading provider of management consulting services to government clients, will be acquiring Navigant Consulting, Inc., a specialized, global professional services firm that helps clients take control of their future through advisory, consulting, outsourcing, and technology/analytics services.
buyer parent: Veritas Capital
buyer: Guidehouse
Guidehouse is a leading provider of strategic advisory services to customers such as the Department of Defense, Homeland Security, Veterans Affairs, Health and Human Services, and the Department of State, as well as numerous state and local governments and multilateral agencies. "
target: Navigant Consulting (NCI:$728.72)
Navigant Consulting is a specialized, global professional services firm that helps clients take control of their future. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant brings sharp insight that pinpoints opportunities and delivers powerful results.
price ($mm)[EV]
$1,121 [$1,134]
rev ($mm)
$729
EBITDA ($mm)
$71
EV / rev
1.6x
EV / EBITDA
16.2x
closed 7/9/2019 via BusinessWire

Healthcare Financial Resources, Inc, acquired PARA Healthcare Financial Services

synopsis: Healthcare Financial Resources (HFRI), a leader in healthcare accounts receivable (AR) recovery and resolution management, has acquired PARA HealthCare Financial Services, a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations.
buyer parent: Housatonic Partners
buyer: Healthcare Financial Resources, Inc
Healthcare Financial Resources, Inc is a leader in accounts receivable recovery and resolution and works as a virtual extension of a hospital's central billing office. HFRI helps to resolve and collect insurance accounts receivable and improves operating margins through a collaborative partnership. "
target: PARA Healthcare Financial Services
PARA HealthCare Financial Services is a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations. PARA's solutions for the revenue cycle process provide a staff of specialists and online tools.
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closed 7/8/2019 via PR Newswire

iMedX, Inc., acquired Prevalent, Inc. and Axcension, Inc.

synopsis: iMedX, Inc., an international leader in revenue cycle management, medical documentation, and health information solutions has successfully completed the acquisition of Prevalent, Inc. and Axcension, Inc. Both Axcension and Prevalent are proven providers of cutting-edge healthcare analytics and revenue cycle management consulting services.
buyer parent: RFE Investment Partners
buyer: iMedX, Inc.
iMedX is an integrated medical document management and health information solutions company. iMedX offers a full suite of high-value revenue cycle management solutions including medical transcription, medical coding services, results-based consulting, and data analytics. "
target: Prevalent, Inc. and Axcension, Inc.
Prevalent enables providers to achieve financial excellence through data analytics, custom technology solutions, and revenue cycle management and recovery services. Axcension provides leading-edge analytics and develops customized technology solutions for leading healthcare providers across the US.
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announced 5/29/2019 via PR Newswire

Golden Gate Capital, will acquire Ensemble Health Partners

synopsis: Ensemble Health Partners, a leading national revenue cycle management provider, will be acquired by Golden Gate Capital, a leading private equity investment firm. Ensemble partners with hospitals across the United States to create real and lasting value through revenue cycle outsourcing and other services aimed at improving healthcare operations.
buyer: Golden Gate Capital
Golden Gate Capital is a privately held enterprise with over $15 billion in committed capital. They operate as a private holding company and recapitalize, restructure, and ultimately build meaningful businesses in partnership with management over an indefinite time horizon. "
target parent: Bon Secours Mercy Health
target: Ensemble Health Partners
Ensemble Health Partners specializes in full revenue cycle outsource solutions, denials and underpayments, analytics and workflow optimization, Epic optimization, and management services designed to identify immediate wins and create sustainable solutions that ensure long-term results.
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closed 3/27/2019 via Company Press Release

BESLER Consulting, acquired Essential Consulting, LLC

synopsis: BESLER, a market leader in revenue recovery and hospital reimbursement solutions, announced the acquisition of Essential Consulting LLC, which assists providers in managing healthcare services with IT based solutions through financial and operational issues.
buyer: BESLER Consulting
BESLER combines healthcare finance expertise with proprietary technology to help hospitals improve revenue and reimbursement integrity. Their revenue recovery and reimbursement solutions have delivered over $2 billion of additional revenue to hundreds of hospitals across the United States. "
target: Essential Consulting, LLC
Essential Consulting LLC assists providers in managing healthcare services with IT based solutions through financial and operational issues. Their services support providers in resolving performance and profitability challenges faced on a daily basis.
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closed 12/12/2018 via PR Web

ChrysCapital, acquired GeBBS Healthcare Solutions

synopsis: GeBBS Healthcare Solutions, a leading national provider of Revenue Cycle Management solutions for the healthcare industry, announced that ChrysCapital, a marquee Indian private equity fund with a global technology services footprint, has acquired a majority stake in the company.
buyer: ChrysCapital
ChrysCapital is one of the largest and most successful India-focused private equity firms. They have made over 80 investments and has delivered over 65 exits across a number of sectors including in Business Services, Financial Services, Pharmaceuticals, Healthcare and Consumer. "
target: GeBBS Healthcare Solutions
GeBBS Healthcare Solutions is a leading technology-enabled provider of revenue cycle management solutions. They help clients improve performance, compliance, and patient satisfaction. Their solutions include Health Info Management, Revenue Management, Patient Access and Risk Adjustment Solutions.
price ($mm)
$140*
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closed 11/19/2018 via Company Press Release

Pine Tree Equity Partners, acquired RevMD Partners

synopsis: Pine Tree Equity Partners, a private equity firm, has recapitalized RevMD Partners, a leading provider of revenue cycle management services focused on insurance claims resolution services and self-pay collections for hospitals, large physicians groups and other healthcare providers.
buyer: Pine Tree Equity Partners
Pine Tree Equity Partners is a private equity firm focused on the investment in and expansion of small capitalization companies, with revenue of $10 million to $50 million, in partnership with management. "
target: RevMD Partners
RevMD Partners is a leading provider of revenue cycle management services focused on insurance claims resolution services and self-pay collections for hospitals, large physicians groups and other healthcare providers.
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closed 3/12/2018 via BNC Analysis

Gulf Capital, acquired Accumed Practice Management

synopsis: Gulf Capital, an alternative asset management company, acquired a controlling stake in healthcare sector-focused technology firm, Accumed Practice Management. Dubai-based AccuMed is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE.
buyer: Gulf Capital
Based in the Emirate of Abu Dhabi, the capital of the United Arab Emirates, Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt business. "
target: Accumed Practice Management
AccuMed Practice Management is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE and the Middle East.
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closed 9/28/2017 via Company Press Release

Altaris Capital Partners, acquired AGS Health Private Limited

synopsis: Altaris Capital Partners, LLC recapitalizes AGS Health in partnership with its founder, Devendra Saharia, and existing shareholder, MTS Health Investors, LLC. AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies.
buyer: Altaris Capital Partners
Altaris is an investment firm focused exclusively on the healthcare industry. Altaris manages $1.3 billion of equity capital and invest in businesses that meet clearly defined healthcare needs. "
target: AGS Health Private Limited
AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies. The Company's services include accounts receivable management, medical coding and transaction processing.
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closed 3/29/2017 via Company Press Release

nThrive, acquired e4e Inc.

synopsis: nThrive,a provider of patient-to-payment healthcare solutions, advisory expertise, and analytics for health care organizations, has acquired e4e Healthcare Services. e4e is a healthcare services outsourcing company that provides IT-enabled and business process management services.
buyer parent: Pamplona Capital Management LLP
buyer: nThrive (MDAS:$764.22)
nThrive is built on a legacy of excellence. From patient-to-payment, they will provide all the technology, advisory expertise, services, analytics and education programs their clients will need to thrive in the communities they serve. "
target: e4e Inc.
e4e Inc., a healthcare services outsourcing company, provides IT-enabled and business process management services. The company offers provider solutions; and payer solutions that include claims management and admin, cost avoidance and audit, and medical record solutions.
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closed 3/2/2017 via BNC Analysis

NexPhase Capital, acquired MedA/Rx

synopsis: NexPhase Capital, a New York City-based private equity firm acquired revenue cycle management solutions provider Charlotte, N.C.-based Med A/Rx. Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional.
buyer: NexPhase Capital
NexPhase Capital is a sector-focused independent private equity firm that makes control investments in lower middle market growth-oriented companies. Their team of 14 investment professionals possesses extensive experience in the healthcare, industrial services, software and consumer industries. "
target: MedA/Rx
Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional. MedA/Rx combines the power of a state-of-the-art accounts receivable management firm with a highly sophisticated healthcare financial consulting team.
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closed 12/1/2016 via PR Newswire

GTCR, LLC, acquired Revspring

synopsis: GTCR announced that it has completed the acquisition of RevSpring, Inc., a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. RevSpring helps accelerate revenue through physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools.
buyer: GTCR, LLC
GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. GTCR has invested more than $12 billion in over 200 companies. "
target parent: CIP Capital
target: Revspring
Headquartered in Wixom, MI, RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 clients in the healthcare and financial services spaces. Its solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications.
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closed 10/5/2016 via Market Wire

Medical Transcription Billing, Corp., acquired MediGain Services, Inc.

synopsis: Medical Transcription Billing, Corp., a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, announced that it has completed the acquisition of MediGain Services, a Texas-based medical billing company.
buyer: Medical Transcription Billing, Corp. (MTBC:$65.19)
MTBC (Medical Transcription Billing, Corp) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers, revenue cycle management companies and software vendors. "
target: MediGain Services, Inc.
MediGain is a global full-service revenue cycle management and healthcare analytics company devoted to improving billing, collections, and outcomes for healthcare providers and the patients they serve. It was established in 2002.
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closed 8/1/2016 via BusinessWire

Huron Consulting Group Inc., acquired HSM Consulting

synopsis: Huron Consulting Group Inc., a leading provider of business consulting services, completed its acquisition of Healthcare Services Management, Inc. (HSM), a firm specializing in healthcare information technology and management consulting.
buyer: Huron Consulting Group Inc. (HURN:$878.05)
Huron is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. Huron serves in the healthcare, higher education, life sciences, and commercial sectors. "
target: HSM Consulting
Healthcare Services Management, Inc. (HSM) is a leading provider of operational and information technology consulting to the healthcare marketplace. It offers a full range of healthcare information technology and project management consulting services.
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closed 6/15/2016 via Company Press Release

TransUnion LLC, acquired Auditz LLC

synopsis: TransUnion, a leading global information solutions provider, has acquired Auditz LLC, a healthcare services organization that uses sophisticated proprietary technology to help healthcare providers identify and recover payments.
buyer: TransUnion LLC (TRU:$2,696.90)
TransUnion helps uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity."
target: Auditz LLC
Auditz is an industry leading healthcare services organization that focuses on helping healthcare providers solve complex patient access, revenue cycle and reimbursement issues. Auditz leverages proprietary technology to identify and recover incremental reimbursement opportunities.
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closed 5/31/2016 via GlobeNewswire

DAS Health, acquired Falcon Healthcare Systems

synopsis: DAS Health, the leading provider of patient-centric health IT and management services, has announced its fourth acquisition in eight months. The latest acquisition, Falcon Healthcare Systems, is a Las Vegas, Nevada-based provider of managed IT services, revenue cycle management, Practice Management, and EHR technologies.
buyer: DAS Health
DAS Health is a leading provider of Health IT and management solutions and a trusted consultant to many physician groups, hospitals and healthcare systems across North America. "
target: Falcon Healthcare Systems
Falcon Healthcare Systems is a veteran- and minority-owned company dedicated to delivering advanced corporate-grade IT solutions and services to a broad range of healthcare organizations, businesses, non-profit organizations, schools, and US military units.
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closed 5/13/2016 via BNC Analysis

Keizer Solutions Inc., acquired Colonial Valley Software, Inc.

synopsis: Keizer Solutions has announced that it has acquired Colonial Valley Software (CVS). Colonial Valley Software is a Michigan based software and medical billing company that started its journey in 1981 with the development of the first version of Practice Management application.
buyer: Keizer Solutions Inc.
Keizer Solutions Inc. is one of the Premier Health care Services provider of medical billing, medical coding, accounts receivable/denial management, credit balance resolution, referral/authorization management, credentialing and business intelligence. "
target: Colonial Valley Software, Inc.
Colonial Valley Software (CVS) is a Michigan based software and medical billing company that started its journey in 1981 with the development of the first version of Practice Management application.
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closed 3/9/2016 via Company Press Release

Riverside Partners, LLC., acquired Bottom Line Systems

synopsis: Riverside Partners, LLC, a Boston-based private equity firm, has completed a majority equity investment in Bottom Line Systems. Based in Crescent Springs, KY, BLS is a leading provider of revenue cycle management technology and related services to large hospital systems and other healthcare providers throughout the United States.
buyer: Riverside Partners, LLC.
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. "
target: Bottom Line Systems
Bottom Line Systems is a leading provider of revenue cycle management technology and services to healthcare providers, nationally. A central part of Bottom Line Systems' healthcare payment compliance service is process and managed care contract improvement.
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closed 1/4/2016 via BNC Analysis

Navigant Consulting, acquired McKinnis Consulting Services, LLC.

synopsis: Navigant, a consultancy that serves a variety of industries, including healthcare, has acquired McKinnis Consulting Services to gain more traction in the Epic Systems business segment. McKinnis Consulting Services provides revenue cycle assessment, strategy, and optimization assistance for healthcare providers.
buyer: Navigant Consulting (NCI:$728.72)
Navigant is a consultancy that serves a variety of industries, including healthcare. Navigant’s current service lines includes revenue cycle management services that help healthcare providers assess and optimize their electronic health records and other IT systems. "
target: McKinnis Consulting Services, LLC.
McKinnis Consulting Services provides revenue cycle assessment, strategy, and optimization assistance for healthcare providers. They focus on implementing and enhancing targeted strategies within the revenue cycle to provide maximum financial and operational benefit.
price ($mm)
$52
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: RCM
 
 
 
 
 
 
 
 
R1 RCM
R1 RCM
R1 is a provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure.
year
2021
rev ($mm)
$1,292.90
EBITDA ($mm)
$219.20
EBIT ($mm)
$148.30
Net Income ($mm)
$124.70
Employees
19600
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