JP Recovery Services Merges With RCM Leader Meduit
Meduit, a portfolio company of NexPhase Capital, announced on December 5 that JP Recovery Services (JPRS) has joined the Meduit organization. According to the LevinPro HC database, this marks the 310th eHealth transaction of 2022 and the 65th in the revenue cycle management (RCM) subsector. Meduit is one of the nation’s leading RCM companies with decades of experience in the RCM arena, serving more than 1,000 hospitals and physician practices in 48 states. Founded in 1998, JPRS provides accounts receivables management, billing and extended business office (pre-collect) services to more than 70 hospitals, physicians groups and private practices across the United States. The JPRS... Read More »
Therapy Brands Acquires EHR Provider The Echo Group
Birmingham, Alabama-based Therapy Brands, a leading healthcare IT partner for mental, behavioral and rehabilitative therapy practices, announced on November 28 its acquisition of Conway, New Hampshire-based The Echo Group. This acquisition will allow Therapy Brands to expand its capabilities and offer complimentary solutions to its growing product portfolio. Terms of the deal were not disclosed. Since 1981, The Echo Group has partnered with behavioral health agencies across the country by providing electronic health record (EHR) services specific to the needs of behavioral health agencies. The Echo Group created EchoVantage EHR, a visual-based EHR for behavioral health. Therapy Brands... Read More »
Cloud 9 Software Acquires Focus Ortho
Cloud 9 Software, a Roswell, Georgia-based provider of cloud-based practice management systems, acquired Birmingham, Alabama-based Focus Ortho. The deal was announced on November 28, 2022. With the acquisition, Cloud 9 Software will increase its customer footprint and accelerate investments in its platform and service delivery. Cloud 9 will continue to support the availability of the Focus Ortho platform for current customers. Focus Ortho team members will integrate to become part of the Cloud 9 organization. Terms of the deal were not disclosed. Focus Ortho offers a cloud-based orthodontic practice management software platform that provides support to hundreds of offices across the U.S.... Read More »
TeamHealth Acquires Acute Care Transitions
TeamHealth, a portfolio company of The Blackstone Group, announced its expansion in the Dallas-Fort Worth market with the acquisition of Acute Care Transitions, LLP, (ACT) an emergency medicine and advanced care at-home telehealth provider. TeamHealth provides outsourced medical care to more than 2,700 acute and post-acute facilities and physician groups nationwide. It has more than 15,000 affiliated healthcare professionals and advanced practice clinicians. TeamHealth was acquired by The Blackstone Group in October 2016 for $4.1 billion. According to the LevinPro HC database, this marks the 304th eHealth deal and the 50th telehealth transaction announced year-to-date. This is a slight... Read More »