Revco Solutions and Wakefield & Associates announced on February 19 a strategic merger between the two companies. The combined entity will operate as Revco Solutions.
Established in 1933, Wakefield & Associates offers healthcare revenue cycle management (RCM) solutions to maximize revenue and streamline operations. The company is based in Aurora, Colorado.
Revco Solutions, a portfolio company of Longshore Capital Partners, was formed through the merger of Professional Recovery Consultants and Credit Bureau Collection Services in 2019. The company provides RCM services across a multitude of industries.
Leadership continuity has been a key focus throughout this transition. Mark Schabel, Chief Executive Officer of Revco Solutions, will continue to lead as CEO, while Matt Laws, former CEO of Wakefield & Associates, will serve as Chairman of the Board, offering ongoing strategic guidance.
“By bringing together the strengths of both organizations, we are even better equipped to serve our clients, drive operational efficiency, and create meaningful impact,” said Schabel. “Service is the foundation of the culture we have created – starting with serving one another so that we can better serve our clients and the world, and I am deeply honored to lead this team.” Financial terms of the deal were not disclosed.
Wakefield & Associates has announced two RCM acquisitions since 2022. In September 2022, the company acquired Bethesda, Maryland-based Collect Rx, and in January 2023, it acquired Knoxville, Tennessee-based Healthcare Receivables Group.
Revco Solutions has made one RCM acquisition since it was formed in 2019. In March 2021, the company acquired ARMC Financial Services in Oradell, New Jersey.
According to data in the LevinPro HC database, this transaction marks the 52nd eHealth acquisition of 2025 and the eighth in the RCM specialty. There were 36 RCM transactions announced in 2024, 55 announced in 2023 and 66 announced in 2022.
