CAS CLOSES FIRST RCM TRANSACTION OF 2021
Press Contact: Mark Russell – 301.404.5757- [email protected]
February 24, 2021: Philadelphia, PA Corporate Advisory Solutions (CAS) is pleased to announce its most recent transaction within the Revenue Cycle Management (RCM) industry – RevClaims, LLC has been acquired by MedData. CAS served as the exclusive M&A advisor to RevClaims. Terms of the transaction were not disclosed.
Per Brad Williams, CEO and founder of RevClaims “We are excited about the combination of RevClaims and MedData. This acquisition will allow RevClaims to provide enhanced and additional services to its current clients. MedData has a solid reputation in the RCM market and I am looking forward to seeing the business grow and expand.”
Mark Russell, Co-Founder and Managing Partner of CAS commented, “RevClaims and MedData represent two market leaders in the complex claims market within healthcare RCM. Their combination will produce positive results for both companies, and their clients, going forward. We at CAS are proud of this transaction and our role in helping Brad and his team achieve a successful outcome.”
This transaction strengthens CAS’ position as a leading provider of Investment Banking services within the RCM sector and more broadly in the tech-enabled Outsourced Business Services (OBS) sector.
CAS recently published its quarterly newsletter which highlights deal activity and macroeconomic trends within OBS. A link to the newsletter can be found below:
Corporate Advisory Solutions (CAS) is a merchant bank based in Philadelphia and Washington, D.C., specializing in M&A, and strategic advisory for the Outsourced (tech-enabled) Business Services (OBS) sector. Our core markets include Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), and Customer Relationship Management (CRM). The CAS team brings over 40 years of combined M&A, valuation and strategic advisory experience to every engagement, and its members have successfully completed over 100 transactions representing more than $2 billion in deal value within these core markets. Visit our website: Corporate Advisory Solutions
Securities conducted through StillPoint Capital Member FINRA/SiPC, Tampa, FL.
About RevClaims, LLC.
RevClaims was founded in 2012 in Jackson, MS and offers a variety complex claims services to hospitals and healthcare systems, including the recovery of third-party liability, workers compensation and Veterans Administration claims.
MedData is a leading provider of technology-enabled revenue cycle management services for healthcare providers. MedData utilizes their proprietary technology to improve financial outcomes through the RCM cycle. For four decades, MedData has been providing innovative solutions to the medical community and serving tens of millions of patients across numerous medical specialties. MedData currently services a network of 3,000+ facilities nationwide from its more than 20 regional offices across the United States.
Learn more about the CAS team here.
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