Transaction illustrates continued M&A activity within the healthcare sector of the accounts receivable management (ARM) industry
July 8, 2010: Rockville, MD – Kaulkin Ginsberg Company announced today that Receivables Outsourcing, Inc. (ROI), an ARM company based in Timonium, Maryland, has acquired Arc Group Associates, a healthcare revenue cycle management company based in Hatboro, Pennsylvania. The acquisition will enable ROI to expand its suite of ARM services to hospitals throughout the U.S. Terms of the transaction were not disclosed. Kaulkin Ginsberg initiated the transaction and served as advisor to ROI.
“Arc Group Associates is an excellent strategic fit for ROI,” said Michael Lamm of Kaulkin Ginsberg, lead advisor on the transaction. “ROI already offers a full suite of services to healthcare providers, and with the addition of Arc Group Associates, they can enhance their services for managing denials, underpayments and day one low dollar accounts. ”
Chris Wunder, President of ROI, added, “The acquisition of Arc Group Associates provides our company with an expanded customer base in several regions where we do not currently operate. The deal also creates significant cross sell opportunities for ROI services that Arc Group Associates does not offer to its existing clients, along with a work force that has impressed our operations people since early in the negotiations. These two companies are a perfect fit.”
Lamm noted that M&A interest in the healthcare sector of the ARM industry has been particularly strong so far this year, representing 35% of all transactions in the industry to date.
Contact:
Michael Lamm, Associate
Kaulkin Ginsberg Company
Direct: (240) 499-3808
Cell: (202) 904-7192
mlamm@kaulkin.com
About Receivables Outsourcing, Inc. (ROI)
ROI is a full service healthcare revenue cycle management firm, working with over 140 hospitals throughout the country. The company works with its clients to increase productivity, profitability and cash flow by executing technology-based solutions, reducing administrative costs in a declining reimbursement environment, improving clients’ utilization of internal FTE resources and patient relationships, and providing detailed decision support management reporting from ROI’s proprietary patient accounting system. For more information, visit http://www.therois.com.
About Kaulkin Ginsberg
As the leading strategic advisor for the accounts receivable management industry (ARM), Kaulkin Ginsberg has completed over 130 M&A transactions valued at over $3 billion. Services focus on analysis, growth, and exit strategies for ARM companies. Kaulkin Ginsberg’s media division is the worldwide leader in providing timely news and insight on the recovery of debt in all industries. Read more about Kaulkin Ginsberg at www.kaulkin.com.