M&A Deal Summary

CBIZ Acquires Healthcare Business Resources

On October 24, 2007, CBIZ acquired business services company Healthcare Business Resources

Acquisition Highlights
  • This is CBIZ’s 6th transaction in the Business Services sector.
  • This is CBIZ’s 14th transaction in the United States.
  • This is CBIZ’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2007-10-24
Target Healthcare Business Resources
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

Healthcare Business Resources

Bala Cynwyd, Pennsylvania, United States
Healthcare Business Resources, Inc. provides coding, billing and collection services for emergency medicine physician practices along the east coast of the United States.

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Buyer(S) 1

Buyer

CBIZ

Cleveland, Ohio, United States

website


Category Company
Founded 1987
Sector Business Services
Employees6,000
Revenue 1.1B USD (2021)
DESCRIPTION

CBIZ provides professional business services, products and solutions that help its clients grow and succeed by better managing their finances and employees. These services are provided to businesses of various sizes, as well as individuals, governmental entities and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ delivers its integrated services through the following three practice groups: Financial Services, Employee Services, and National Practices. By providing custom solutions that help clients manage their finances and employees, CBIZ enables its clients to focus their resources on their own core business and operational competencies. CBIZ was founded in 1987 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 14 of 64
Sector (Business Services) 6 of 34
Type (Add-on Acquisition) 14 of 57
State (Pennsylvania) 1 of 4
Country (United States) 14 of 63
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-12 Hawthorn Financial

St. Joseph, Missouri, United States

Hawthorn Financial Corp. is a provider of personal, commercial, and surety insurance products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-31 Segal Miller McClain

Scottsdale, Arizona, United States

Segal Miller McClain Ltd. is a provider of provides accounting, tax and consulting services.

Buy -