Add-on Acquisition • Business Services

ParaRev Acquires Stat Revenue

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	2 of 2
Sector: Business Services	2 of 2
Type: Add-on Acquisition	2 of 2
State: California	2 of 2
Country: United States	2 of 2
Year: 2021	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	Buy	-

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

Buy

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