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New Deal


Announced

Completed

Varsity Healthcare-backed Ventra Health completed the acquisition of ADVOCATE RCM from Talisman Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Private

Private Equity

Friendly

Single Bidder

Acquisition

Domestic

managed billing services

Payments / Commerce

United States

Synopsis

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Varsity Healthcare-backed Ventra Health, a medical billing services company, completed the acquisition of ADVOCATE RCM, a medical billing services company, from Talisman Capital, a private equity firm. Financial terms were not disclosed. "Expanding our offering to include comprehensive radiology RCM services has been a strategic priority for Ventra. With ADVOCATE RCM, Ventra gains a trusted partner to independent radiology practices, facility-based groups, and large national providers, with a reputation for providing best-in-class technology solutions, industry-leading performance results, and customized client experience. The combined organization, with a unique focus on RCM excellence, shared values, and a history of delivering on promises, creates a win/win for both clients and colleagues," Steven Huddleston, Ventra CEO.

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