Add-on Acquisition • Software

Knack RCM Acquires MediSYS

On February 1, 2023, Knack RCM acquired software company MediSYS

Acquisition Context

This is Knack RCM’s 1st transaction in the Software sector.
This is Knack RCM’s 2nd transaction in the United States.
This is Knack RCM’s 1st transaction in Alabama.

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M&A Deal Summary
Date	February 1, 2023
Target	MediSYS
Sector	Software
Buyer(s)	Knack RCM
Deal Type	Add-on Acquisition

Target Company

MediSYS

Gardendale, Alabama, United States

MediSYS provides an array of medical billing services and practice management/electronic health records software sales and support services in the southern United States. DBS provides training and support for MediSYS Practice Management software and medical billing using MediSYS software or the client’s existing software. The Company offers a seamless flow of revenue from patient to provider, resulting in fewer delays, fewer denied claims, and fewer dissatisfied patients. MediSYS was formed in 1990 and is based in Gardendale, Alabama.

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Buyer Overview 1

Buyer

Knack RCM

Woodbridge, New Jersey, United States

Category	Company
Founded	2007
Sector	Business Services

DESCRIPTION

Knack RCM is a provider of tech-enabled, end-to-end, and customizable revenue cycle management (RCM) services. Knack RCM was founded in 2007 and is based in Woodbridge, New Jersey.

Deal Context for Buyer	#
Overall	2 of 6
Sector: Software	1 of 1
Type: Add-on Acquisition	2 of 6
State: Alabama	1 of 2
Country: United States	2 of 6
Year: 2023	1 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-03-21	The Billing Center Charleston, West Virginia, United States The Billing Center is a provider of medical billing services to clients around West Virginia, including durable medical equipment (DME) suppliers. The Billing Center was founded in 2004 and is based in Charleston, West Virginia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-03-21

The Billing Center

Charleston, West Virginia, United States

The Billing Center is a provider of medical billing services to clients around West Virginia, including durable medical equipment (DME) suppliers. The Billing Center was founded in 2004 and is based in Charleston, West Virginia.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-11-02	FPS Armonk, New York, United States FPS is a provider of medical billing and practice management services. FPS is focused on helping private practice physicians, healthcare facilities and hospitals increase their efficiency and control their costs through its constant attention to detail, compliance, follow up, and ever-changing insurance regulations. FPS was established in 1965 and is based out of Armonk, New York.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-11-02

FPS

Armonk, New York, United States

FPS is a provider of medical billing and practice management services. FPS is focused on helping private practice physicians, healthcare facilities and hospitals increase their efficiency and control their costs through its constant attention to detail, compliance, follow up, and ever-changing insurance regulations. FPS was established in 1965 and is based out of Armonk, New York.

Buy

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