M&A Deal Summary

Wakefield & Associates Acquires Choice Recovery

On October 20, 2022, Wakefield & Associates acquired business services company Choice Recovery

Acquisition Highlights
  • This is Wakefield & Associates’ 1st transaction in the Business Services sector.
  • This is Wakefield & Associates’ 1st transaction in the United States.
  • This is Wakefield & Associates’ 1st transaction in Ohio.

M&A Deal Summary

Date 2022-10-20
Target Choice Recovery
Sector Business Services
Buyer(s) Wakefield & Associates
Deal Type Add-on Acquisition

Target

Choice Recovery

Columbus, Ohio, United States
Choice Recovery is a 3rd party collection agency focused on recovering clients' money. The company serves clients in healthcare, dental, higher education, B2B, and financial services. It helps businesses recover what they can't use an innovative approach that is unheard of in the collection industry. Choice Recovery was formed in 1997 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Wakefield & Associates

Knoxville, Tennessee, United States

Category Company
Founded 1933
Sector Business Services
DESCRIPTION

Wakefield & Associates specializes in revenue cycle management solutions, which include system conversions, call center partnerships, insurance billing, process & system workflow design, eligibility assistance programs, primary & secondary bad debt collections, legal solutions, complex & problem claims, out-of-network collections, and working with debt purchasing providers. The company has and continues to make significant investments in people, processes, and technologies that allow us to develop and implement quality solutions that accelerate cash flow and A/R liquidation. It has developed effective recovery techniques and partnership collaborations that result in a positive patient experience.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1