LOS ANGELES, May 10, 2011 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Advanced Health Management Services, Inc. (“AHMS”), a Hauppauge, NY-based provider of practice management, credentialing and coding services to hospitals, university faculty practice plans, group practices and individual practitioners in the New York metropolitan area. AHMS has been integrated with MDeverywhere (“MDE”), a Marlin portfolio company. The acquisition of AHMS will significantly enhance and broaden the service offering that MDE provides to physician practice groups and hospitals.
“The physician credentialing process and practice management consulting services are critical components of the revenue cycle process and acquiring a market leader like AHMS will enable us to offer a broader set of critical services to our clients,” stated Ann Bilyew, CEO of MDeverywhere. “The AHMS team has built a fantastic organization over the last several years and we are excited about having them join our team.”
“Partnering with a market leading revenue cycle management company like MDeverywhere will allow AHMS to grow our business to the next level as we continue to provide quality services to our expanding client base,” added Karen Danish, President of AHMS.
“AHMS is a perfect complement to our business and we will continue to remain opportunistic in identifying and creating future opportunities to add value to MDeverywhere’s growing platform,” commented George Kase, Partner at Marlin.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, CA-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 45 acquisitions. For more information, please visit www.marlinequity.com.
About MDeverywhere
MDeverywhere offers a leading revenue cycle management solution for physicians. Its unique solution includes web-based practice management software, coding rules engines, contract monitoring tools and full-scope claims management and back-office services. MDeverywhere was founded in 1995 and currently serves over 3,500 physicians nationwide. MDeverywhere is based in Hauppauge, NY and serves sole practices, group practices, large faculty practice and hospitals in more than 60 different specialties. For more information, please visit www.mdeverywhere.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.