Like mCare Solutions, LLC

closed 10/18/2017 via BusinessWire

mCare Solutions, LLC merged with Vaughan Holland Consulting,

synopsis: Revint Solutions has been created through the merger of mCare Solutions and VHC (Vaughan Holland Consulting). Revint Solutions serves over 450 hospitals and some of the leading healthcare institutions across the United States. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
buyer: Vaughan Holland Consulting
VHC's trusted revenue management team has helped hundreds of clients recover millions of denied, lost and hidden reimbursement. VHC was named one of the 20 largest revenue cycle consulting firms in 2016 by Modern Healthcare magazine. "
target: mCare Solutions, LLC
Since 2005, mCare Solutions has analyzed millions of discharges – and recovered more than $200 million in reimbursements. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/19/2020 via BusinessWire

Centauri Health Solutions, acquired HCFS, Inc.

synopsis: Centauri Health Solutions, an innovative healthcare technology and services company, has acquired all key assets of HCFS, Inc., a Texas-based provider of self-pay management solutions. HCFS enables Centauri to further extend its market leadership in hospital revenue cycle optimization services.
buyer parent: ABRY Partners, LLC
buyer: Centauri Health Solutions
Centauri Health Solutions provides services to payors and providers in government-sponsored healthcare programs, including Medicare Advantage and Medicaid. Centauri improves health outcomes of the members and patients through compassionate outreach, sophisticated analytics and data-driven solutions."
target: HCFS, Inc.
HCFS is a provider of self-pay management solutions. HCFS specializes in revenue cycle solutions for hospitals and health systems, using advanced technology and an emphasis on patient advocacy to increase process efficiencies and maximize revenue for clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
announced 5/18/2018 via GlobeNewswire

TransUnion Healthcare, will acquire Healthcare Payment Specialists, Inc.

synopsis: TransUnion is boosting its healthcare solutions with the purchase of Healthcare Payment Specialists (HPS), a leader in helping healthcare providers optimize Medicare reimbursement. HPS provides technology-enabled solutions for healthcare eligibility, government reimbursement and compliance to hospitals and healthcare systems across the country.
buyer parent: TransUnion LLC
buyer: TransUnion Healthcare
TransUnion Healthcare, a wholly owned subsidiary of credit and information management company TransUnion, is a trusted provider of Healthcare Revenue Protection solutions for maximizing reimbursement, improving patient engagement, and preventing revenue leakage. "
target parent: Nautic Partners, LLC
target: Healthcare Payment Specialists, Inc.
Healthcare Payment Specialists (HPS) provides technology-enabled solutions for healthcare eligibility, government reimbursement and compliance to hospitals and healthcare systems. HPS delivers solutions on a software-as-a-service basis or through outsourced service engagements.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 7/5/2016 via BusinessWire

MedData, Inc., acquired Cardon Outreach

synopsis: MEDNAX, Inc. announced that it has completed the previously disclosed acquisition of Cardon Outreach, a leading provider of third-party eligibility and other revenue cycle management services for hospitals, for $400 million
buyer parent: MEDNAX, Inc.
buyer: MedData, Inc.
MedData is one of the nation’s leading providers of technology-enabled enterprise solutions designed to help physicians and hospitals better engage patients throughout the entire healthcare continuum. Their program includes patient access and communications, revenue cycle management and more. "
target parent: Serent Capital
target: Cardon Outreach
Cardon Outreach provides services and technology solutions focused on helping hospitals and healthcare systems lower costs, reduce operating and capital expenses, recover revenue, and increase productivity.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/22/2012 via PR Web

Cloud Medical Doctor Software Corporation, will acquire Doctor's Network of America Inc.

synopsis: Cloud Medical Doctor Software Corporation announced that it has signed a Letter of Intent to acquire Doctors Network of America, a leading provider of Physician billing and consulting services to healthcare providers in Mississippi.
buyer: Cloud Medical Doctor Software Corporation
Cloud Medical Doctor Software provides cloud based medical software solution and service, designed by experienced healthcare programmers for healthcare providers. They offer billing management and other services to increase the physician’s profitability and office efficiency. "
target: Doctor's Network of America Inc.
Doctors Network of America offers nationwide outsourced medical billing services. They specialise in medical billing, computer data management, and medical professional support.
price ($mm)
rev ($mm)
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closed 1/7/2016 via PR Newswire

Rizk Ventures, acquired Workforce Prescriptions (WRx)

synopsis: Rizk Ventures, a privately-held investment firm that focuses on investment activities, announced it has acquired Workforce Prescriptions, a provider of Software-as-a-Service solutions to the healthcare industry with a focus on assisting hospitals in significantly decreasing costs and improving outcomes without reducing staff.
buyer: Rizk Ventures
Rizk Ventures is a privately-held investment firm based in New York. Rizk Ventures focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. "
target: Workforce Prescriptions (WRx)
Workforce Prescriptions (WRx) is an evidence-based consulting firm that provides assistance to hospitals desiring to: Reduce their cost of labor without reducing staff, Reduce their Length of stay without jeopardizing quality and Improve productivity by designing more efficient work processes.
price ($mm)
rev ($mm)
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closed 2/2/2020 via Company Press Release

Frazier Healthcare Partners, The Edgewater Funds, acquired MedData, Inc.

synopsis: The Edgewater Funds and growth capital firm Frazier Healthcare Partners completed the acquisition of revenue cycle management services company MedData from parent company, MEDNAX, Inc. MedData is a national provider of technology-enabled revenue cycle management solutions for hospitals, health systems and healthcare providers.
buyer: The Edgewater Funds
buyer: Frazier Healthcare Partners
The Edgewater Funds is a Chicago-based private equity firm with $2.6 billion in committed capital. Through Edgewater Growth Capital Partners, they partner with management to help accelerate growth in their businesses. Frazier Healthcare Partners is a growth capital firm in the healthcare industry. "
target parent: MEDNAX, Inc.
target: MedData, Inc.
MedData is a national provider of technology-enabled revenue cycle management solutions for hospitals, health systems and healthcare providers. MedData provides eligibility and enrollment services, complex AR services, patient responsibility services, billing and coding.
price ($mm)
$250
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2019 via GlobeNewswire

Nexteligent Holdings, Inc., acquired Revenue Maximization Group

synopsis: Nexteligent Holdings, Inc., an aggregator of healthcare professional services and technology firms, has acquired the assets of Revenue Maximization Group (RMG), a national provider of revenue cycle management solutions. RMG also provides denials recovery for hospital systems, doctor groups, clinics, and long term care operators.
buyer: Nexteligent Holdings, Inc. (:$0.00)
Nexteligent Holdings, Inc., formerly Efftec International, Inc, is an aggregator of healthcare services and technology firms serving hospitals, clinics, skilled nursing facilities, and doctor networks with revenue cycle management and telemedicine. "
target: Revenue Maximization Group
Revenue Maximization Group (RMG) provides end-to-end revenue cycle management services and denials recovery for hospital systems, doctor groups, clinics, and long term care operators. RMG also provides turnkey solutions for preventative care services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 10/24/2018 via Company Press Release

Cedar Gate Technologies, acquired Global Healthcare Alliance

synopsis: Cedar Gate Technologies announced it has acquired Global Healthcare Alliance. Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
buyer parent: GTCR, LLC
buyer: Cedar Gate Technologies
Cedar Gate Technologies (CGT) is a value-based care performance management analytic company. CGT provides advisory, administrative, and technology solutions to providers, payers and self-insured employers at risk for the healthcare dollar and transitioning from fee for-service to value-based care. "
target: Global Healthcare Alliance
Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 5/3/2018 via GlobeNewswire

Capstone Performance Systems, acquired Peak PACE Solutions

synopsis: Tabula Rasa HealthCare, a healthcare technology company, has acquired Peak PACE Solutions, the leading health plan management solutions and services provider in the PACE (Program of All-inclusive Care for the Elderly) market. Peak PACE Solutions will operate as a service of Capstone Performance Systems, a subsidiary of TRHC.
buyer parent: Tabula Rasa Healthcare
buyer: Capstone Performance Systems
Capstone Performance Systems provides expert Medicare risk adjustment services to ensure proper reimbursement and optimal utilization. Their insightful training and support helps organizations to optimize processes that impact Medicare’s risk adjustment payment methods. "
target parent: Altitude Edge, LLC
target: Peak PACE Solutions
Peak PACE Solutions is the leading health plan management solutions and services provider in the PACE (Program of All-inclusive Care for the Elderly) market. PACE is a federal program, with 250 centers located in 31 states serving a growing number of eligible Medicare and Medicaid participants.
price ($mm)
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announced 7/29/2013 via BusinessWire

Zotec Partners, will acquire Medical Management Professionals

synopsis: Zotec Partners, LLC announced that it has signed a definitive agreement to acquire 100 percent of the stock of Medical Management Professionals, Inc. (MMP). MMP offers leading medical billing and practice management services to hospital-based physicians in the areas of radiology, anesthesiology, emergency medicine and pathology.
buyer: Zotec Partners
Zotec Partners is the industry leader in medical billing, practice management and Radiology Information Systems software and services. Zotec delivers effective solutions through its innovative software, personalized service and measurable client results. "
target parent: CBIZ, Inc.
target: Medical Management Professionals
Medical Management Professionals, Inc. (MMP) provides comprehensive billing and practice management services to hospital-based physicians across the country. Founded in 1993, MMP has grown steadily to become the leading billing and practice management firm in the industry.
price ($mm)
$202
rev ($mm)
$130
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
closed 11/5/2012 via BusinessWire

Conifer Health Solutions, Inc., purchased Revenue Cycle Solutions from Dell, Inc.

synopsis: Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation and a leader in business process management solutions for healthcare providers, has acquired Dell’s Revenue Cycle Solutions line of business for hospitals and healthcare systems.
buyer parent: Tenet Healthcare Corporation
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
seller: Dell, Inc. (DELL:$94,224.00)
Dell, Inc. designs, develops, manufactures, markets, sells and supports a wide range of products which are customized to individual customer requirements which include mobility products, desktop personal computers, software and peripherals, servers and networking, services and storage.
price ($mm)
rev ($mm)
$85
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/20/2022 via PR Newswire

Med-Metrix, LLC, acquired ARMCO Partners

synopsis: Med-Metrix, LLC has acquired ARMCO Partners, LLC, a leading provider of high-quality coding and forensic medical billing services to healthcare providers across the spectrum of care. The addition of ARMCO further enhances Med-Metrix's end-to-end suite of Revenue Cycle Management ("RCM") software and service capabilities.
buyer parent: Alvarez & Marsal
buyer: Med-Metrix, LLC
Med-Metrix is a leading technology-enabled services platform providing Revenue Cycle Management ("RCM") and Business Intelligence solutions for health systems and physician groups across the United States. "
target: ARMCO Partners
ARMCO Partners, LLC provides several lines of service to meet the needs of its healthcare customers. The company offers forensic billing, clinical abstracting, Remote Clinical Documentation Integrity (CDI), coding and billing for hospital and physician practices.
price ($mm)
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closed 5/20/2020 via BNC Analysis

ILUM Health Solutions merged with Infectious Disease Connect, Inc.,

synopsis: Infectious Disease Connect Inc., a UPMC Enterprises telemedicine-enabled company, has combined with Merck’s ILÚM Health Solutions, a provider of technology and services to support infectious disease management, clinical decision-support and precision antibiotic therapy.
buyer parent: UPMC
buyer: Infectious Disease Connect, Inc.
Infectious Disease Connect (ID Connect) has been successfully utilizing telemedicine and bringing ID specialty services to hospitals since 2013. ID Connect brings a team of world-class ID Specialists to hospitals in a cost-effective manner. "
target parent: Merck & Co., Inc.
target: ILUM Health Solutions
ILÚM Health Solutions is a provider of technology and services to support infectious disease management, clinical decision-support and precision antibiotic therapy.
price ($mm)
rev ($mm)
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closed 4/16/2014 via PR Newswire

Stamats Healthcare Marketing, acquired Lighten Up 4 Life

synopsis: Stamats Healthcare Marketing, which provides customized market research that's designed to inform strategy and drive relevant, creative solutions for healthcare clients, is proud to announce its purchase of Lighten Up 4 Life, an online community wellness and population health management service.
buyer parent: Stamats Business Media
buyer: Stamats Healthcare Marketing
Based in Cedar Rapids, Iowa, Stamats Healthcare Marketing provides customized market research that's designed to inform strategy and drive relevant, creative solutions for healthcare clients. "
target: Lighten Up 4 Life
Lighten Up 4 Life is a web-based wellness outreach program that helps hospitals and healthcare systems engage with local communities and inspire positive lifestyle changes.
price ($mm)
rev ($mm)
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closed 1/9/2013 via Company Press Release

Adreima, acquired National Healthcare Review, Inc.

synopsis: Adreima announced its acquisition of National Healthcare Review, Inc. ("NHR"), a national clinical-financial auditing company based in Woodland Hills, California. NHR will be part of a rapidly growing organization that provides clinically-integrated revenue cycle services to hospitals and healthcare systems nationwide.
buyer parent: Waud Capital Partners, LLC
buyer: Adreima
Adreima advocates for hospitals nationwide, providing Medicaid eligibility and revenue cycle management services supported by a deep knowledge of state-specific issues. Adreima enables hospitals to increase revenue from reimbursement while decreasing demands on in-house staff. "
target: National Healthcare Review, Inc.
Founded in 1977, National Healthcare Review, Inc. provides revenue integrity services such as clinical-financial auditing, coding and support services to more than 1,500 hospitals throughout the United States.
price ($mm)
rev ($mm)
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closed 10/25/2011 via Market Wire

Analytix On Demand, Inc., acquired Integrated Revenue Management, Inc.

synopsis: Analytix On Demand, a provider of software-as-a-service business intelligence solutions for healthcare, announced that it has acquired Integrated Revenue Management, Inc., a national healthcare consulting and education company with deep roots in revenue cycle management.
buyer: Analytix On Demand, Inc.
Analytix On Demand (AOD) is a provider of software-as-a-service business intelligence solutions for healthcare. AOD connects the dots across an entire organization to give healthcare companies the central truth about business performance. "
target: Integrated Revenue Management, Inc.
Integrated Revenue Management (IRM) is a national healthcare consulting and education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance and sustainable financial stability.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 8/21/2012 via PR Newswire

Bolder Capital, LLC, acquired Monti Eligibility and Denial Solutions, Inc.

synopsis: Bolder Capital announced that it has completed the acquisition of Monti Eligibility and Denial Solutions, Inc. and the Monti Group, Inc., collectively called MEDS. MEDS is an outsourced provider of patient eligibility, enrollment and revenue recovery services to hospitals and health systems.
buyer: Bolder Capital, LLC
Bolder Capital has been formed through a co-investment relationship with The Edgewater Funds and JZ Capital Partners. Bolder brings access to over $2 billion in assets under management and experience from hundreds of private equity transactions. "
target: Monti Eligibility and Denial Solutions, Inc.
MEDS is a leader in patient advocacy. Their selfpay conversion processes are the most effective in the healthcare industry. They pride themselves on their innovative solutions to their clients' self-pay challenges.
price ($mm)
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closed 6/27/2018 via PE Hub

New Capital Partners, acquired Collect Rx, Inc.

synopsis: New Capital Partners (NCP), a private equity firm, announces that is has acquired Collect Rx, a leading revenue cycle management (RCM) company. The company leverages its Business Intelligence (BI) engine to analyze claims and increase reimbursement for healthcare providers.
buyer: New Capital Partners
New Capital Partners (NCP) is a private equity firm headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. "
target: Collect Rx, Inc.
Collect Rx is a niche RCM (revenue cycle management) provider headquartered in Bethesda, Md. Founded in 2006, the company focuses on providing their services to surgery centers, hospitals, physician-owned practices, laboratory diagnostic facilities and behavioral health centers.
price ($mm)
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closed 11/5/2007 via BusinessWire

webMedx, Inc., acquired TransHealth, LLC

synopsis: Atlanta-based national medical transcription provider Webmedx has acquired Nashville-based TransHealth. Webmedx will build on the strong local reputation of TransHealth by establishing its national field operations center to Nashville.
buyer: webMedx, Inc.
Founded in 1996, Webmedx, Inc., is a premier supplier in the field of medical transcription outsourcing for hospitals and clinics nationally. The company designs and implements customer-centric documentation solutions using the most skilled domestic workforce in the industry. "
target: TransHealth, LLC
TransHealth, a Health Information Management company, is one of the nations fastest growing, third-party transcription providers concentrating solely on the needs of hospitals and outpatient clinics.
price ($mm)
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closed 10/18/2017 via BusinessWire

mCare Solutions, LLC merged with Vaughan Holland Consulting,

synopsis: Revint Solutions has been created through the merger of mCare Solutions and VHC (Vaughan Holland Consulting). Revint Solutions serves over 450 hospitals and some of the leading healthcare institutions across the United States. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
buyer: Vaughan Holland Consulting
VHC's trusted revenue management team has helped hundreds of clients recover millions of denied, lost and hidden reimbursement. VHC was named one of the 20 largest revenue cycle consulting firms in 2016 by Modern Healthcare magazine. "
target: mCare Solutions, LLC
Since 2005, mCare Solutions has analyzed millions of discharges – and recovered more than $200 million in reimbursements. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/18/2017 via BusinessWire

mCare Solutions, LLC merged with Vaughan Holland Consulting,

synopsis: Revint Solutions has been created through the merger of mCare Solutions and VHC (Vaughan Holland Consulting). Revint Solutions serves over 450 hospitals and some of the leading healthcare institutions across the United States. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
buyer: Vaughan Holland Consulting
VHC's trusted revenue management team has helped hundreds of clients recover millions of denied, lost and hidden reimbursement. VHC was named one of the 20 largest revenue cycle consulting firms in 2016 by Modern Healthcare magazine. "
target: mCare Solutions, LLC
Since 2005, mCare Solutions has analyzed millions of discharges – and recovered more than $200 million in reimbursements. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/29/2019 via Company Press Release

Netsmart Technologies, Inc., acquired McBee Associates, Inc.

synopsis: Healthcare IT provider Netsmart announced it has acquired Pennsylvania-based healthcare consulting firm, McBee. McBee’s industry-leading healthcare professional services will provide community and acute care organizations with nearly a century of advisory and technology experience under one roof.
buyer parent: GI Partners
buyer: Netsmart Technologies, Inc. (:$59.05)
Netsmart designs, builds and delivers electronic health records (EHRs), solutions and services that are powerful, intuitive and easy-to-use.Their platform provides accurate, up-to-date information that is easily accessible to care team members in behavioral health. "
target parent: Century Equity Partners
target: McBee Associates, Inc.
McBee is the nation’s premier health care services and consulting firm that delivers financial, operational, and clinical consulting services exclusively to healthcare providers across the continuum of care.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/19/2018 via BNC Analysis

Cognizant Technology Solutions, acquired Bolder Healthcare Solutions

synopsis: JZ Partners has sold Bolder Healthcare Solutions (BHS) to Cognizant Technology Solutions, one of the world's leading professional services companies. BHS offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace.
buyer: Cognizant Technology Solutions (CTSH:$17,914.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target parent: JZ Partners, LLC
target: Bolder Healthcare Solutions
Bolder Healthcare Solutions (BHS) offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace. BHS offers unmatched expertise, processes, technology and capabilities to help healthcare providers increase cash flow.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 4/20/2016 via PR Web

Bolder Healthcare Solutions, acquired Prospective Payment Specialists

synopsis: Bolder Healthcare Solutions, one of the fastest growing providers of revenue cycle management (RCM) to the healthcare market, acquired Prospective Payment Specialists, Inc, a compliance oriented hospital consulting firm with deep experience in the highly specialized medical coding and Chargemaster niche.
buyer: Bolder Healthcare Solutions
Bolder Healthcare Solutions (BHS) offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace. "
target: Prospective Payment Specialists
From HIM coding, auditing to chargemasters and RAC support, Prospective Payment Specialists (PPS), a 25-year-old hospital consulting firm, has helped more than 3,500 hospitals and health systems throughout the country achieve compliant revenue cycle management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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
closed 10/14/2015 via Company Press Release

Revspring, acquired Healthcare Revenue Strategies, LLC

synopsis: RevSpring Inc., a leading provider of revenue cycle technology services including data analytics, multi-channel communications and payment solutions, has completed its acquisition of HealthCare Revenue Strategies LLC (HRS). HRS is a recognized leader in revenue cycle consulting, analytics and hosted workflow solutions for healthcare providers.
buyer parent: CIP Capital
buyer: Revspring
RevSpring is a leading provider of revenue cycle technology services offering data analytics, multi-channel customer communications and payment solutions to the healthcare and financial services end markets. Their services enable customers to accelerate cash collections across the revenue cycle. "
target: Healthcare Revenue Strategies, LLC
Healthcare Revenue Strategies provides revenue cycle assessments and consulting; MEDITECH optimizations; 5010 implementation services; and denial management tools to enable healthcare organizations to effectively manage revenues, claim generation and remittance allowance.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 7/21/2015 via BusinessWire

Anthelio Healthcare Solutions Inc., acquired Pyramid Healthcare Solutions

synopsis: Anthelio Healthcare Solutions, the largest independent provider of healthcare technology and services, announced it has acquired Pyramid Healthcare Solutions, an Avantha Group company, a leading provider of Health Information Management (HIM) and Revenue Cycle Services (RCM).
buyer: Anthelio Healthcare Solutions Inc.
Anthelio Healthcare Solutions is the largest independent provider of information technology and business process services to hospitals, physician practice groups and other healthcare providers. "
target parent: Avantha Group
target: Pyramid Healthcare Solutions
Founded in 1985, Pyramid Healthcare Solutions partners with healthcare providers to assess, validate and resolve gaps in their revenue cycle, leading to improved and sustainable financial results.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/12/2015 via Market Wire

The Camden Group, acquired Health Directions, LLC

synopsis: The Camden Group has acquired Health Directions, LLC. Health Directions is a national consulting firm that provides business solutions for healthcare organizations, helping medical groups and hospitals improve their financial performance, enhance physician satisfaction, take full advantage of health IT, and strengthen their strategic position.
buyer: The Camden Group
The Camden Group is one of the nation's leading healthcare business advisory firms. Since 1970, the firm has been providing management and consulting services to the healthcare industry exclusively, assisting more than 2,000 healthcare organizations nationwide. "
target: Health Directions, LLC
Health Directions is a national consulting firm that provides business solutions for healthcare organizations. They help medical groups and hospitals increase their net revenue, enhance physician satisfaction, take full advantage of Health IT and strengthen their strategic position.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/7/2014 via Company Press Release

The Chartis Group, acquired Aspen Advisors, LLC

synopsis: Aspen Advisors joins The Chartis Group to create a strategic healthcare consultancy unrivaled in its offering of comprehensive thought leadership and capabilities in strategic planning, accountable care, clinical transformation, and information technology.
buyer: The Chartis Group
The Chartis Group is a national advisory services firm dedicated to the healthcare industry. Chartis provides strategic planning, accountable care, clinical transformation, and information technology management consulting services to the country’s leading healthcare providers. "
target: Aspen Advisors, LLC
Aspen Advisors is a professional services firm with both respected industry veterans and rising stars who are united by a commitment to excellence and ongoing dedication to healthcare. Aspen works with healthcare organizations to optimize the value of their information technology investments.
price ($mm)
rev ($mm)
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closed 7/29/2013 via PR Newswire

Radius Global Solutions LLC, acquired RevMap, Inc.

synopsis: Radius Global Solutions announced its acquisition of RevMap, Inc., an Atlanta-based healthcare revenue cycle consulting firm, focuses on Patient Access, Health Information Management, Case Management, Patient Financial Services, Charge Description Master Optimization and Compliance as well as Strategic Planning and Product Line Profitability.
buyer: Radius Global Solutions LLC
Radius Global Solutions is a leading provider of accounts receivable, customer relations and revenue cycle management solutions. Through the use of the Radius 360 Platform, Radius Global Solutions dramatically reduces the time it takes for new ideas to go from concept to implementation. "
target: RevMap, Inc.
RevMAP, an Atlanta-based healthcare revenue cycle consulting firm, focuses on Patient Access, Health Information Management, Case Management, Patient Financial Services, Charge Description Master Optimization and Compliance as well as Strategic Planning and Product Line Profitability.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/8/2012 via PR Newswire

Recondo Technology, acquired Trilogi, Inc.

synopsis: Recondo Technology, a leading provider of revenue cycle solutions for the healthcare industry, announced that Recondo has acquired Trilogi, Inc., a leading revenue cycle management and recovery firm with offices in Lakeland, Florida, and Dallas, Texas.
buyer: Recondo Technology
Recondo Technology delivers powerful software services connecting patients, providers, and payers across the spectrum of US healthcare. Recondo services bring efficiencies and cost savings to healthcare payment processing. "
target: Trilogi, Inc.
Founded in 2007, Trilogi, Inc. is a leading revenue cycle management and recovery firm with offices in Lakeland, Florida, and Dallas, Texas. Trilogi combines its clinical, legal, and financial expertise to maximize payer collections quickly and accurately for its clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 1/6/2015 via GlobeNewswire

The Corridor Group, Inc., acquired Healthcare Management Solutions, Inc.

synopsis: The Corridor Group, a leading national provider of compliance, consulting, coding, revenue cycle management (RCM) and education solutions to the post-acute healthcare industry, announced that it has acquired HMS Healthcare Management Solutions, Inc. (HMS), a leading provider of revenue cycle management (RCM) and consulting services.
buyer parent: HealthEdge Investment Partners, LLC
buyer: The Corridor Group, Inc.
The Corridor Group (TCG) is a leading national provider of compliance, consulting, coding, revenue cycle management (RCM) and education solutions to the post-acute healthcare industry. Since inception, TCG has provided business advice and solutions to thousands of clients. "
target: Healthcare Management Solutions, Inc.
HMS Healthcare Management Solutions, has helped home healthcare and hospice providers, physician practices, acute care hospitals and residential care homes optimize revenue by improving cash flow, increasing operational efficiencies and identifying opportunities for profitable lines of business.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 11/19/2019 via PR Newswire

Health Prime International, purchased Revenue Cycle Services from Kareo, Inc.

synopsis: Kareo, the leading provider of cloud-based clinical and business management software for independent medical practices and medical billing companies, sold its revenue cycle management (RCM) services business unit to Health Prime, a leading independent supplier of outsourced medical billing services.
buyer parent: GPB Capital Holdings, LLC
buyer: Health Prime International
Health Prime serves as a strategic partner for value-based care organizations in today’s modern consumer health care marketplace. Created by physicians for physicians, Health Prime’s transformative technology solutions and services optimize everyday practice challenges from end-to-end. "
seller: Kareo, Inc.
Kareo is a cloud-based complete medical technology platform built to meet the needs of independent practices. Their revenue cycle management unit measures the time it takes for an average dollar to be collected from the date clients see the patient until the date they receive payment.
price ($mm)
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EV / EBITDA
closed 10/30/2019 via Company Press Release

Harris Healthcare, acquired First Pacific Corporation

synopsis: Harris Computer Corporation’s healthcare group has completed the acquisition of First Pacific Corporation (“FPC”) of Salem, Oregon. For more than 50 years, FPC has provided revenue cycle management (RCM) and other vital financial services that increase efficiency and promote financial growth for hundreds of dental practices across the U.S.
buyer parent: Constellation Software, Inc.
buyer: Harris Healthcare
Harris Corporation is a leading technology innovator, solving customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris is a leader in tactical communications, geospatial systems and services, and space and intelligence. "
target: First Pacific Corporation
First Pacific Corporation (FPC) is a recognized leader in the Dental Services Industry, providing financial and practice management solutions to dental practices. FPC’s industry leading practice management software platform, ASPIRE, provides front and back office management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/7/2016 via PR Newswire

Rizk Ventures, acquired Workforce Prescriptions (WRx)

synopsis: Rizk Ventures, a privately-held investment firm that focuses on investment activities, announced it has acquired Workforce Prescriptions, a provider of Software-as-a-Service solutions to the healthcare industry with a focus on assisting hospitals in significantly decreasing costs and improving outcomes without reducing staff.
buyer: Rizk Ventures
Rizk Ventures is a privately-held investment firm based in New York. Rizk Ventures focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. "
target: Workforce Prescriptions (WRx)
Workforce Prescriptions (WRx) is an evidence-based consulting firm that provides assistance to hospitals desiring to: Reduce their cost of labor without reducing staff, Reduce their Length of stay without jeopardizing quality and Improve productivity by designing more efficient work processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2015 via PR Newswire

Encoda, LLC., acquired Strategic Management Consultants, Inc.

synopsis: Encoda LLC, developer of Encoda BackOffice revenue cycle management and analytics software used nationally by physician practices to improve collections, minimize denied claims and enhance medical billing software, announced it has acquired Strategic Management Consultants, provider of revenue cycle management consulting and services.
buyer: Encoda, LLC.
Encoda provides medical groups and medical billing companies with cloud-based software and technology-based transaction and business intelligence services to significantly enhance the revenue cycle management process. "
target: Strategic Management Consultants, Inc.
Strategic Management Consultants provides revenue cycle management consulting and services throughout the central and eastern U.S. to improve financial performance in medical practices. It offers implementation, on-demand training, RCM, IT consultation, and privacy and security compliance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/14/2015 via PR Newswire

Decision Resources Group, acquired Healthcare Business Insights

synopsis: Decision Resources Group (DRG), a subsidiary of Piramal Enterprises Ltd., announced that it has acquired Healthcare Business Insights (HBI), a trusted provider of best practice research, training and services to more than 1,400 hospitals across the U.S. HBI's member-centric Academies enable hospitals to understand how to address critical issues.
buyer parent: Piramal Group
buyer: Decision Resources Group
Decision Resources Group offers best-in-class, high-value information and insights on critical issues within the healthcare industry. The top biopharmaceutical, medical technology and managed care companies rely on the Company’s predictive analytics to make fully informed decisions. "
target: Healthcare Business Insights
Healthcare Business Insights (HBI) is a leading provider of in-depth research and thoughtful insights across the core business functions found in hospitals and health systems nationwide. HBI's membership programs include Revenue Cycle, IT, Supply Chain and Cost & Quality.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2012 via PR Newswire

SuccessEHS, acquired Integrated Physician Systems

synopsis: SuccessEHS has announced the acquisition of Integrated Physician Systems (IPS), a comprehensive healthcare professional services firm. IPS offers revenue cycle management, business services and strategic advisory and consulting services to healthcare entities across the U.S.
buyer: SuccessEHS
SuccessEHS is a nationally acclaimed vendor providing Electronic Health Record and Practice Management solutions with Integrated Medical Billing Services. SuccessEHS also provides Electronic Dental Record and Dental Imaging solutions. "
target: Integrated Physician Systems
Integrated Physician Systems provides healthcare professional services to healthcare professionals. IPS manages approximately $250 million in accounts receivable, and serves clients in the core areas of revenue cycle management, business services, and strategic advisory and consulting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2011 via BusinessWire

Intermedix Corporation, acquired Comprehensive Medical Billing Solutions, Inc.

synopsis: Intermedix Corporation, the leading provider of technology-based business services to the emergency healthcare services industry, announced it has acquired the assets of Comprehensive Medical Billing Solutions, Inc. (“CMBS”). CMBS is a full-service medical billing, coding, and consulting firm.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Intermedix Corporation
Intermedix Corporation delivers healthcare information technology and business solutions to manage the revenue cycle, promote preparedness and interoperability, and support incident response management, documentation and reporting. "
target: Comprehensive Medical Billing Solutions, Inc.
Comprehensive Medical Billing Solutions is a full-service medical billing, coding, and consulting firm designed to meet the business needs of Emergency Physicians. CMBS provides Practice Management, Accounts Receivables Management, and a variety of billing related services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/16/2022 via BNC Analysis

BrickRed Systems LLC, acquired EvenFlow Solutions

synopsis: Brickred Systems has acquired EvenFlow Solutions, a leading supplier of outsourced Technical and Accounting/Finance based solutions. EvenFlow Solutions, founded in 2019 and headquartered in Dallas, Texas, has established itself as a valued consulting partner to Healthcare Service providers by optimizing their business models and services.
buyer: BrickRed Systems LLC
BrickRed Systems is a global leader in next-generation technology, consulting, and business process service companies. They enable clients to navigate their digital transformation. BrickRed Systems delivers a range of consulting services to its clients across multiple industries around the world. "
target: EvenFlow Solutions
EvenFlow Solutions offers personalized recruiting and consulting services which are tailored to the unique needs of each business. Evenflow specializes in a variety of sectors, including accounting and finance, administrative, information technology, life sciences, human resources, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/6/2022 via BusinessWire

ARx Healthcare merged with Aspirion,

synopsis: Aspirion, a leader in technology-enabled healthcare revenue cycle management, has combined with ARx, a revenue cycle management company dedicated to improving revenue cycle management financial performance for Healthcare Providers.
buyer parent: Aquiline Capital Partners
buyer: Aspirion
Aspirion helps hospitals and physicians recover otherwise lost claims revenue from motor vehicle accidents, workers compensation, the Veteran’s Administration, and Tricare as well as out-of-state Medicaid, Medicaid eligibility, underpayments, and denials. "
target: ARx Healthcare
ARx is a revenue cycle management company dedicated to improving revenue cycle management financial performance for Healthcare Providers. The company was founded in 1997 and has over 100 healthcare professionals on staff helping to resolve claims for their hospital and provider clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Zoetis
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Alliance Imaging, Inc.
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