National Medical Billing Services, a healthcare revenue cycle management (RCM) company serving the surgical market, has acquired Woodland Hills, California-based RCM provider MedTek, LLC. This partnership will further enhance National Medical’s position as the complete end-to-end provider of outsourced revenue cycle solutions serving ASCs, surgical practices and anesthesia groups.
Neal, Gerber & Eisenberg and Ropes & Gray LLP served as legal counsel to National Medical. Lincoln International served as the exclusive financial advisor to MedTek for this transaction and Proskauer Rose LLP served as legal counsel to MedTek.
Founded in 2001 and headquartered in Woodland Hills, California, MedTek is a provider of RCM solutions to ambulatory surgery centers, hospitals, clinics and specialty groups nationwide.
Based in Chesterfield, Missouri, National Medical Billing Services offers a sophisticated, boutique-like approach to operational delivery and client services. As one of the largest and most experienced providers of RCM services focused on the surgical market, National Medical serves hundreds of ASCs, surgical practices and anesthesia groups. National Medical partnered with Aquiline Capital Partners, a private investment firm based in New York and London with $9.6 billion in assets under management, in February 2021.
According to the LevinPro HC database, this marks the 290th eHealth deal of 2022 and the 62nd transaction in the RCM subsector. The MedTek acquisition also marks National Medical’s fourth transaction since its partnership with Aquiline Capital Partners.
