LOS ANGELES, March 10, 2009 – Marlin Equity Partners (“Marlin”) is pleased to announce the acquisition of MDeverywhere, Inc. (“MDE”), a Hauppauge, NY-based leading provider of physician revenue cycle management (“RCM”) services. MDE provides next generation practice management and medical billing solutions to more than 2,500 physicians ranging from single doctor practices to large hospital-based physician networks. MDE’s software-as-a-service (“SaaS”) offering allows physician practices to enhance revenues by reducing billing costs, accelerating client payments, and improving collections. MDE’s current CEO, Ann Bilyew, will continue her leadership position with the company.
Ann Bilyew commented, “MDE is very excited to be partnering with such a strong private equity firm. Marlin brings substantial financial resources and expertise in the healthcare IT sector. With their backing and MDE’s comprehensive services, technological leadership and unmatched value-oriented sales approach, we will be able to continue our rapid growth and expansion.”
“MDE’s scalable infrastructure, proprietary technology platform and growing customer base provide a strong competitive advantage in the fragmented RCM market,” stated Jim Brady, Healthcare Operating Partner at Marlin Equity Partners. “We are looking to make near-term strategic acquisitions by acquiring localized RCM providers with loyal physician bases.” For more information, please visit www.mdeverywhere.com.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin Equity Partner 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 will significantly strengthen a company’s outlook and enhance value. Since 2005, Marlin Equity Partners, through its group of funds and related companies, has successfully completed over 20 acquisitions across a variety of industries. For more information, please visit www.marlinequity.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.