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  6. ParaRev Acquires Stat Revenue

M&A Deal Summary

ParaRev Acquires Stat Revenue

On July 22, 2021, ParaRev acquired business services company Stat Revenue

Acquisition Highlights
  • This is ParaRev’s 2nd transaction in the Business Services sector.
  • This is ParaRev’s 2nd transaction in the United States.
  • This is ParaRev’s 2nd transaction in California.

M&A Deal Summary
Date 2021-07-22
Target Stat Revenue
Sector Business Services
Buyer(s) ParaRev
Deal Type Add-on Acquisition

Target

Stat Revenue

Emeryville, California, United States
Stat Revenue specializes in maximizing payer revenue for hospitals and provides consulting to improve their current revenue controls. The company provides a comprehensive review that pressure tests a hospital’s patient accounts for clinical and billing integrity. This infuses Stat Revenue's comprehensive payment review and enables us to uncover and recover the full contractual revenue for hospitals. Its consulting addresses the systemic causes of underpayments and enables the hospital to minimize its future exposure to lost revenue. Stat Revenue was formed in 1998 and is based in Emeryville, California.

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Buyer(S) 1

Buyer

ParaRev

Elgin, Illinois, United States
Category Company
Sector Business Services
DESCRIPTION

ParaRev offers healthcare revenue cycle management services, from front-end charge master analysis and contract management to end-of-cycle zero-balance underpayment and denial recovery. ParaRev is based in Elgin, Illinois.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 PARA Healthcare Financial Services

Anaheim, California, United States

PARA Healthcare Financial Services, Inc. is a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations

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