NexPhase Capital, LP (NexPhase) today announced its investment in two leading healthcare revenue cycle management (RCM) companies: MedA/Rx, headquartered in Charlotte, NC, and Receivables Management Partners (RMP), headquartered in Indianapolis, IN.
“We are very excited to invest in these exceptional RCM companies. On a combined basis, these market leaders will serve over 500 hospital and physician practices in 46 states,” stated Barbara Hill, NexPhase Operating Partner and Chairperson of Meduit, the parent company of MedA/Rx and RMP.
Meduit will leverage the strengths, expertise and resources of both companies in order to grow market share under one entity. Mike Coffey, Principal of MedA/Rx will serve as CEO of Meduit and Chad Polk, Principal and head of sales of MedA/Rx, will serve as President and Chief Sales Officer. Mark Schabel, CEO of RMP, will serve as Chief Acquisitions Officer.
“The NexPhase investment and RMP partnership present an excellent opportunity to build on our growth to date” Mr. Coffey said. “Under Meduit, we will be positioned to grow market share and effectively serve a broader range of clients.”
“NexPhase has a reputation for cultivating value and working well with executive teams,” Mr. Schabel said. “We see this as a unique opportunity to expand services and capabilities across our markets.”
About NexPhase Capital
NexPhase Capital, formed by the former principals of Moelis Capital Partners (MCP), the private equity division of Moelis Asset Management, is a New York-based private equity firm targeting equity investments between $25 million and $75 million in leading middle market, growth-oriented companies. In 2016, the former principals of MCP formed NexPhase to execute, on an independent basis, the same sector-focused strategy of completing control investments in lower middle market companies. NexPhase continues to manage the MCP funds and portfolio companies under a sub-advisory agreement. NexPhase specializes in the healthcare, industrial services, software and consumer sectors. Led by Co-Managing Partners Kurt Larsen and Ted Yun, the firm will continue to manage approximately $872 million of MCP’s legacy private equity capital. For more information, please visit www.NexPhase.com.
About MedA/Rx
Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional. MedA/Rx combines the power of a state-of-the-art accounts receivable management firm with a highly sophisticated healthcare financial consulting team. Through sister companies MedEBO Solutions, PMAB and MBOC respectively, MedA/Rx takes a holistic approach to the client’s revenue cycle with an emphasis on Extended Business Office related services. For more information about MedA/Rx, please visit www.MedARx.com.
About RMP
RMP brings over 350 years of cumulative operating experience across the company’s executive team and a unique combination of services, technology and compassionate people to deliver higher net recovery rates for their clients. RMP has over 520 dedicated employees serving roughly 200 hospitals and over 30,000 physicians across the nation. RMP continues to invest in the future with a goal of significant growth through successful client partnerships. For more information, visit www.receivemorermp.com.
NexPhase Media Contact:
Lex Leeming
Partner & Head of Business Development
T: 212-878-6005
[email protected]