Like Financial Health

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 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.
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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 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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 3/16/2012 via BusinessWire

United Recovery Systems, LP, acquired Enterprise Recovery Systems, Inc.

synopsis: United Recovery Systems, LP has acquired Enterprise Recovery Systems, Inc. ("ERS"). ERS is a provider of collection services with offices in Oak Brook, Illinois. ERS' clients include post-secondary education providers, student loan guarantee agencies, and the Department of Education.
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: Enterprise Recovery Systems, Inc.
Enterprise Recovery Systems, Inc. specializes in the recovery and resolution of educational loans and institutional accounts for colleges, universities, state guarantee agencies, and lenders.
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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 8/17/2012 via BNC Analysis

The Outsource Group, Inc., acquired XAM/MAX

synopsis: The Outsource Group has acquired XAM/MAX, a company that performs self-pay collections and insurance follow-up for leading healthcare providers. The acquision has expanded Creve Coeur-based the Outsource Group's footprint with a significant presence in Texas, where it serves several large hospitals.
buyer: The Outsource Group, Inc.
The Outsource Group is a leading revenue cycle management company serving hospitals and physician practices. Their mission is to deliver innovative revenue cycle solutions that optimize and accelerate healthcare reimbursement. "
target: XAM/MAX
XAM/MAX is a company that performs self-pay collections and insurance follow-up for leading healthcare providers. XAM is a pre-collection specialist. MAX is a bad debt collection specialist.
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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 8/20/2013 via BusinessWire

Optimum Outcomes merged with Adreima,

synopsis: Adreima, a national provider of clinically-integrated revenue cycle services, and Optimum Outcomes, a national provider of patient-focused account resolution services, announced a merger of the two companies.
buyer parent: Waud Capital Partners, LLC
buyer: Adreima
Adreima advocates for hospitals nationwide, providing eligibility and revenue cycle management services supported by a deep knowledge of state-specific issues and unparalleled in-house expertise. "
target parent: Waud Capital Partners, LLC
target: Optimum Outcomes
Optimum Outcomes partners with over 300 hospitals and hospital-based physician groups across the United States to provide a wide range of account resolution services, including EBO self-pay, third-party insurance and aged receivables recovery.
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closed 7/31/2012 via BusinessWire

Optimum Outcomes, acquired Absolute Collection Service, Inc.

synopsis: Optimum Outcomes, a leading provider of account resolution services to hospitals and hospital-based physician groups throughout the United States, announced that it has acquired Patient Financial Services and Absolute Collection Service in a transaction that expands and enhances its comprehensive suite of revenue cycle services.
buyer parent: Waud Capital Partners, LLC
buyer: Optimum Outcomes
Optimum Outcomes partners with over 300 hospitals and hospital-based physician groups across the United States to provide a wide range of account resolution services, including EBO self-pay, third-party insurance and aged receivables recovery. "
target: Absolute Collection Service, Inc.
Absolute Collection Service provides primarily extended business office self-pay billing and account resolution, aged receivables account resolution and data warehousing services for hospitals that are undertaking, or have recently completed, systems conversions.
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Like Financial Health


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Financial Health

Via Health

Medinomics

Continental Collection Services

Midwest Collection Services, Inc.

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Financial Health

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Financial Health

Enterprise Recovery Systems, Inc.

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Receivables Management Partners

XAM/MAX

Receivables Management Partners

Optimum Outcomes

Absolute Collection Service, Inc.

Geography
Matching Companies
Ticker: PRAA
 
 
 
 
 
 
 
 
PRA Group
PRA Group
PRA Group, a global leader in acquiring and collecting nonperforming loans, is an integral part of the financial receivables lifecycle. It returns capital to banks and other creditors, strengthening their ability to lend and more attractively price credit for consumers.
year
2016
rev ($mm)
$921.69
EBITDA ($mm)
$312.21
EBIT ($mm)
$293.07
Net Income ($mm)
$141.77
Employees
3748
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