M&A Deal Summary

Avadyne Health Acquires Revenue Cycle Partners

On January 21, 2011, Avadyne Health acquired business services company Revenue Cycle Partners from Sage Capital

Acquisition Highlights
  • This is Avadyne Health’s 1st transaction in the Business Services sector.
  • This is Avadyne Health’s 1st transaction in the United States.
  • This is Avadyne Health’s 1st transaction in Montana.

M&A Deal Summary

Date 2011-01-21
Target Revenue Cycle Partners
Sector Business Services
Buyer(s) Avadyne Health
Sellers(s) Sage Capital
Deal Type Merger
Advisor(s) Triple Tree LLC (Financial)

Target

Revenue Cycle Partners

Billings, Montana, United States
website
Revenue Cycle Partners LLC is a provider of accounts receivable management services for hospitals, focusing on the “self-pay” portion of medical accounts receivable in the pre-collection period and third party account resolution services. Services included assisting patients in understanding hospital bills, resolving any billing-related issues, correcting insurance information, administering loan and charity programs on behalf of its client hospitals and facilitating patient payment.

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Buyer(S) 1

Buyer

Avadyne Health

Moline, Illinois, United States

website


Category Company
Founded 1971
Sector Healthcare Services
DESCRIPTION

Avadyne Health is a provider of revenue cycle management services to a wide range of healthcare providers across the nation. Avadyne Health was founded in 1971 and is based in Moline, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Merger) 1 of 2
State (Montana) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 Benchmark Revenue Management

Moline, Illinois, United States

Benchmark provides revolutionary, web-based, integrated administrative workflow, revenue analysis, management, and monitoring tools to hospitals across the nation. Key customers include a number of high-profile hospitals and related healthcare systems, such as St. Joseph's in New Jersey, St. Joseph's Atlanta, New York Methodist Hospital, Catholic Healthcare Partners, and St. John's Health Center in Santa Monica, CA. Benchmark Revenue Management is based in Moline, Illinois.

Buy -

Seller(S) 1

SELLER

Sage Capital

St. Louis, Missouri, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Sage Capital is a private equity firm that provides equity capital to established lower middle-market businesses located throughout North America. Sage looks for companies with EBITDA between $2 and $7 million and typically commits $2 to $15 million per transaction. Businesses of interest include value-added manufacturers, recurring-revenue service businesses, and distribution companies. Sage Capital will not invest in start-ups. Sage Capital was formed in 2004 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Revenue Cycle Partners

Billings, Montana, United States

Revenue Cycle Partners LLC is a provider of accounts receivable management services for hospitals, focusing on the “self-pay” portion of medical accounts receivable in the pre-collection period and third party account resolution services. Services included assisting patients in understanding hospital bills, resolving any billing-related issues, correcting insurance information, administering loan and charity programs on behalf of its client hospitals and facilitating patient payment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 The Saint Louis Brewery

St. Louis, Missouri, United States

The Saint Louis Brewery LLC is a craft brewery and operator of brewery restaurants in Saint Louis. Founded in 1991, the company sells beer under the “Schlafly” label through wholesalers in a primary region that extends in a radius of approximately 300 miles around its main brewery in Saint Louis. The company offers six year-round “flagship” styles and a wide assortment of seasonal and special-release beers.

Buy -