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Cressey & Company, Health Enterprise Partners Acquire The InterMed Group

Cressey & Company, Health Enterprise Partners Acquire The InterMed Group

Cressey & Company LP and Health Enterprise Partners (HEP) announced on January 5 that funds affiliated with the two private equity firms have acquired The InterMed Group, a provider of healthcare technology management services, from Granite Bridge Partners. Harris Williams LLC served as financial advisor to InterMed. Terms of the deal were not disclosed. The partnership with Cressey and HEP will expand InterMed’s ability to help hospitals and healthcare systems manage inventories of complex medical equipment efficiently and cost effectively. The InterMed Group provides end-to-end healthcare technology and equipment management services to hospitals and health systems across the... Read More »
Echo Health Acquires Prelude Software

Echo Health Acquires Prelude Software

Echo Health, Inc. announced on January 5 that it acquired Prelude Software for an undisclosed amount.  Prelude Software is the provider of the disbursement-hub solution PayPilot, a platform that helps carriers extend the capabilities of their systems, including claims, billing, policy and other applications by centralizing and streamlining security and control of outbound payments. Echo Health is a Westlake, Ohio-based health care payment technology and services provider. The acquisition will combine Prelude’s PayPilot solution and Echo’s digital payment platform.  According to data captured from the LevinPro HC database, this acquisition represents the first eHealth transaction... Read More »
Echo Health Acquires Prelude Software

EverService Acquires Mid-State Communications

EverService Holdings, LLC announced that it closed its acquisition of Manchester, Tennessee-based Mid-State Communications on December 14.  Mid-State Communications provides medical answering, emergency dispatch, employee reporting, virtual receptionist, appointment scheduling and patient intake services to increase client revenue and improve patient experience. EverService focuses on end-to-end solutions specialized for the legal, medical, home services, retail and technology industries integrated with clients’ customer relationship management, electronic health records and operational systems. The company is based in Phoenix, Arizona.  The acquisition of Mid-State... Read More »
Echo Health Acquires Prelude Software

Carenet Health Acquires Stericycle Communication Solutions

Carenet Health has acquired Stericycle Communication Solutions. The combined entity provides 1 in 3 Americans with access to Carenet offerings and works with 14 of the top 20 health systems in the United States, as well as 1,000 other healthcare companies. Terms of the deal were not disclosed. Carenet provides healthcare engagement services and 24/7 access to medical care by arranging transportation, organizing home health support and equipment and explaining the benefits of exams and immunizations. Carenet is headquartered in San Antonio, Texas, with additional office locations in New Mexico, Maine and the Philippines. Stericycle Communication Solutions is a provider of patient engagement... Read More »
JP Recovery Services Merges With RCM Leader Meduit

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

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 »