Alpharetta, Georgia-based Surgical Information Systems (SIS) announced on November 19 the acquisition of Surgical Notes, based in Dallas, Texas.
Surgical Notes is the premier revenue cycle management and billing services partner for the ambulatory surgery center (ASC) and surgical hospital markets. The company’s teams with ASC-specific experience provide scalable billing, transcription, coding and document management services and solutions that fully integrate with all leading ASC practice management systems.
SIS is a leading software company within the U.S. specialty provider market offering end-to-end clinical and workflow solutions for ASCs. Its cloud-based software platform is built specifically for the perioperative environment and primarily includes ASC-focused solutions covering ASC practice management, electronic medical records, anesthesia information management systems and many other business intelligence and analytics solutions. The company has been backed by Norwest Equity Partners, Accel-KKR and Nordic Capital.
By expanding its current capabilities with additional billing expertise, SIS strengthens its position to address the increasing demand for advanced revenye cycle management (RCM) services in the ASC market. Financial terms of the deal were not disclosed.
“We are excited to work with the talented Surgical Notes team and their prestigious base of customers, which in combination enables us to serve over 2,700 ASCs and hospitals,” said Tom Stampiglia, CEO of SIS.
According to data captured in the LevinPro HC database, this acquisition represents the 218th eHealth transaction of 2024, and the 34th in the RCM specialty. There were 55 RCM deals announced during 2023, and 68 announced during 2022.
Another ASC-focused RCM provider acquired this year was Torrance, California-based Pacific Medical Management Services (PacMed), which create end-to-end RCM services for the ambulatory market. PacMed was acquired by N. Harris Computer Corporation in January 2024 for an undisclosed price.
