Announced
Completed
Financials
Sources
Tags
Private
Completed
Friendly
United States
Single Bidder
software development
revenue cycle management
Acquisition
Software
Majority
Domestic
Synopsis
Kipu, the technology partner for mental health and addiction service providers, completed the acquisition of Avea Solutions, a provider of revenue cycle management software that helps treatment centers streamline billing. Financial terms were not disclosed. "Today, addiction treatment centers are siloed. This separation results in rework, complexity and lower reimbursement. Integrating Kipu with Avea will allow referral teams, care teams and billing teams to work better together," Paul Joiner, Kipu CEO.
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