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PE firm acquires Collect Rx: 4 key points

  • Small
  • Medium
  • Large

Private equity firm New Capital Partners acquired revenue cycle management company Collect Rx, according to PE Hub.

Here are four things to know:

1. Collect Rx provides revenue cycle management services to more than 800 surgery centers, hospitals, physician-owned practices and other healthcare facilities. The company uses a business intelligence engine to analyze claims for increased reimbursements and has a focus on out-of-network expertise.

2. Collect Rx, founded in 2006, aims to broaden its customer base, enhance service lines and growth the team as a result of the acquisition.

3. Collect Rx's exclusive strategic and financial advisor for the transaction was Berkery Noyes; Oxford Finance was the lender and lead arranger.

4. Financial terms of the arrangement were not disclosed.

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