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  6. Equian Acquires First Recovery Group

M&A Deal Summary

Equian Acquires First Recovery Group

On July 11, 2017, Equian acquired business services company First Recovery Group

Acquisition Highlights
  • This is Equian’s 3rd transaction in the Business Services sector.
  • This is Equian’s 9th transaction in the United States.
  • This is Equian’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-07-11
Target First Recovery Group
Sector Business Services
Buyer(s) Equian
Deal Type Add-on Acquisition

Target

First Recovery Group

Southfield, Michigan, United States
First Recovery Group LLC (FRG) is a healthcare cost management company that focuses on government subrogation solutions. First Recovery Group LLC was founded in 2000 and is based in Southfield, Michigan.

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Buyer(S) 1

Buyer

Equian

Indianapolis, Indiana, United States
Category Company
Founded 1987
Sector Information Technology
DESCRIPTION

Equian LLC is a healthcare information services company focused on lowering the cost of care by eliminating waste. Equian was founded in 1987 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 9 of 10
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 9 of 10
State (Michigan) 1 of 1
Country (United States) 9 of 10
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 T3 Worldwide

Westport, Connecticut, United States

T3 Worldwide provides a technology platform which enables over 30 million payment integrity transactions a month for some of the largest payers in the Commercial, Medicare, and Medicaid markets. T3 was founded with an intent to create an auditing solution different from anything in the market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Omniclaim

Woburn, Massachusetts, United States

Omniclaim is a provider of overpaid claims recovery, delivering significant financial results while minimizing provider abrasion. Omniclaim was established in 2003 and is based in Woburn, Massachusetts.

Buy -
Mergr

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