M&A Deal Summary

AdvantEdge Healthcare Solutions Acquires AHP Billing Services

On March 24, 2010, AdvantEdge Healthcare Solutions acquired business services company AHP Billing Services from Frontier Growth

Acquisition Highlights
  • This is AdvantEdge Healthcare Solutions’ 3rd transaction in the Business Services sector.
  • This is AdvantEdge Healthcare Solutions’ 3rd transaction in the United States.
  • This is AdvantEdge Healthcare Solutions’ 1st transaction in Maine.

M&A Deal Summary

Date 2010-03-24
Target AHP Billing Services
Sector Business Services
Buyer(s) AdvantEdge Healthcare Solutions
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition

Target

AHP Billing Services

Falmouth, Maine, United States
AHP Billing Services, Inc. (Formerly Anodyne Health Partners) as founded in 2003 by several Per-Se Technologies executives (Per Se Technologies is now a division of McKesson Corporation). Anodyne Health provided both revenue cycle management, and a business intelligence tool that visualizes billing data.

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Buyer(S) 1

Buyer

AdvantEdge Healthcare Solutions

Warren, New Jersey, United States

Category Company
Founded 1999
Sector Business Services
DESCRIPTION

AdvantEdge Healthcare Solutions is a business process outsourcer (“BPO”) and application service provider (“ASP”) that offers medical claims transaction processing through its proprietary, scalable web-based practice management system to physicians and third-party billing companies. AdvantEdge Healthcare Solutions was founded in 1999 and is based in Warren, New Jersey.


DEAL STATS #
Overall 3 of 7
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 3 of 7
State (Maine) 1 of 1
Country (United States) 3 of 7
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-27 Medical Account Services

Dayton, Ohio, United States

Medical Account Services, Inc. provides billing and practice management services to anesthesiologists in Ohio. Medical Account Services was founded in 1997 and is based in Dayton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 CompuData

Ravenna, Ohio, United States

CompuData, Inc. is an Ohio-based medical billing company. CompuData processes thousands of claims each year, representing millions of dollars in physician receivables. The company, primarily focused on specialty and primary care physician practices, provides clients a complete range of medical billing services including coding, data entry, paper and electronic claims submission, accounts receivable management and follow-up, payment posting, and electronic Medicare and Medicaid payment capture. COMPUDATA also assists clients with bank deposits, fee schedule and insurance contract tracking, accounting, bookkeeping, payroll, and reporting.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 8 of 38
Sector (Business Services) 2 of 7
Type (Add-on Acquisition) 5 of 23
State (Maine) 1 of 1
Country (United States) 8 of 36
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-03 Lanyon

Irving, Texas, United States

Lanyon is a provider of content and spend management solutions to the travel, transportation and hospitality industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-29 Ryla

Kennesaw, Georgia, United States

Ryla, Inc. is a provider of global Outsourced Customer Contact Solutions for the Enterprise, Government Agencies, and Global 1000 clients deploying Voice over Internet Protocol based client solutions.

Sell -