Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

PE firm acquires Collect Rx: 4 key points

Listen
Text
  • 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.

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast