ABRY Partners has announced a significant investment in SourceMedical Solutions, based in Birmingham, Ala.
The company will continue to operate under the SourceMedical name and will become an ABRY Partners portfolio company. Terms of the transaction were not disclosed.
"The investment in SourceMedical by ABRY Partners provides SourceMedical with a fresh source of new capital for continued investment in innovative products and services, a unique network of consultative experts in the fields of healthcare information technology and revenue cycle services, and a long-term stability that will greatly benefit our company, clients and employees," said Larry McTavish, chairman and CEO of SourceMedical. "This union will allow our company to continue to operate independently while reaping the benefits of being a member of the family of portfolio companies in ABRY Partners."
SourceMedical provides outpatient information solutions and revenue cycle management services for ASCs, specialty hospitals and rehabilitation clinics across the country.
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The company will continue to operate under the SourceMedical name and will become an ABRY Partners portfolio company. Terms of the transaction were not disclosed.
"The investment in SourceMedical by ABRY Partners provides SourceMedical with a fresh source of new capital for continued investment in innovative products and services, a unique network of consultative experts in the fields of healthcare information technology and revenue cycle services, and a long-term stability that will greatly benefit our company, clients and employees," said Larry McTavish, chairman and CEO of SourceMedical. "This union will allow our company to continue to operate independently while reaping the benefits of being a member of the family of portfolio companies in ABRY Partners."
SourceMedical provides outpatient information solutions and revenue cycle management services for ASCs, specialty hospitals and rehabilitation clinics across the country.
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