Merger Announced between Midwest Healthcare ARM Companies

By Patrick Lunsford, CollectionIndustry.com

The Outsource Group (TOG), a St. Louis-based healthcare accounts receivable management firm, announced late yesterday that it has merged with Midwest Collection Services, Inc. (MCS). MCS, also a provider of healthcare collection services, is based in Florissant, MO. The expanded company will have roughly 130 employees in offices in St. Louis, Florissant, and Columbia, MO.

Bethesda, MD-based Kaulkin Ginsberg Company advised Midwest Collection Services, Inc. throughout this transaction.

In a press release, MCS President Michael P. Reilly stated, "Our clients will benefit from expanded human and financial resources coupled with TOG's technology enabling better performance and service for our clients and greater opportunities for our employees. What's more, the merger expands the support levels the clients of both companies can expect in the future."

Reilly will stay on with the new company as Executive Vice President for business development and client services.

Michael DiMarco, CEO of The Outsource Group, also commented on the merger in the release. "The merger focuses 130 employees in two call centers on the task of accelerating cash flow for healthcare providers. Not only does this assist physician practices and hospitals in the recovery of funds due them, but enables them to provide improved healthcare services to their patients," said DiMarco.

Brian Greenberg, Managing Director of Kaulkin Ginsberg, noted, "This transaction reflects the additive capabilities that two good accounts receivable management providers can create by combining their efforts and their experience. The healthcare collection market is full of opportunities for companies like these to grow both organically and through acquisition. We're pleased to complete this transaction for Mike Reilly and his professional team."

According to the press release, TOG specializes in "insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States."

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