M&A Deal Summary

Revecore Acquires Bottom Line Systems

On September 5, 2018, Revecore acquired healthcare services company Bottom Line Systems from Riverside Partners

Acquisition Highlights
  • This is Revecore’s 1st transaction in the Healthcare Services sector.
  • This is Revecore’s 2nd transaction in the United States.
  • This is Revecore’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2018-09-05
Target Bottom Line Systems
Sector Healthcare Services
Buyer(s) Revecore
Sellers(s) Riverside Partners
Deal Type Merger

Target

Bottom Line Systems

Crescent Springs, Kentucky, United States
Bottom Line Systems is a privately held health care consulting company, specializing in identifying and collecting managed care underpayments and denials for our customers. Bottom Line Systems was formed in 1996 and is based in Crescent Springs, Kentucky.

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Buyer(S) 1

Buyer

Revecore

Franklin, Tennessee, United States

Category Company
Founded 1999
Sector Business Services
DESCRIPTION

Revecore is a provider of specialty reimbursement solutions that identify and recover additional revenue for hospitals and health systems nationwide. Revecore's AcciClaim solution, led by the industry's leading team of specialized attorneys, revenue cycle experts and account resolution specialists, delivers improved revenue, increased patient satisfaction, and enhanced billing compliance from complex claims related to motor vehicle accidents and workers' compensation injuries. Revecore was founded in 1999 and is based in Franklin, Tennessee.


DEAL STATS #
Overall 2 of 4
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 2 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 Blackmaple Provider Recovery Group

Weston, Florida, United States

Blackmaple Provider Recovery Group LLC is a provider of payment integrity auditing and underpayment recovery services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Kemberton

Franklin, Tennessee, United States

Kemberton is a provider of technology-enabled revenue cycle management (RCM) services, specializing in the management and collection of workers’ compensation and motor vehicle accident claims and the resolution of complex insurance denials for hospitals and physician practice groups. Kemberton was founded in 2008 and is based in Brentwood, Tennessee.

Buy -

Seller(S) 1

SELLER

Riverside Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 24 of 33
Sector (Healthcare Services) 3 of 5
Type (Merger) 2 of 3
State (Kentucky) 1 of 1
Country (United States) 24 of 33
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-29 Gemcity Engineering and Manufacturing

Dayton, Ohio, United States

Gemcity Engineering and Manufacturing is a contract and specialized equipment manufacturer of highly engineered products serving the defense, healthcare, semiconductor, and industrial machinery markets. Gemcity Engineering and Manufacturing is based in Dayton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 BioAgilytix

Durham, North Carolina, United States

BioAgilytix is a bioanalytical testing laboratory focused on large molecule bioanalysis for the pharmaceutical, biotechnology and agriculture industries. BioAgilytix Lab's mission is to provide outsourced analysis of biological samples that support the work of companies seeking regulatory approval of their biopharmaceutical and agricultural products. BioAgilytix was founded in 2008 and is based in Durham, North Carolina.

Sell -