Press Release Excerpt
We are pleased to announce that Brookwood Associates advised Marina Medical Billing Service, Inc. ("Marina"), a portfolio company of American Capital, Ltd., on its sale to T-System, Inc. ("T-System"), a portfolio company of Francisco Partners Management LLC. Marina is a leading provider of revenue cycle management ("RCM") services for emergency departments and other hospital-based physician groups. Serving a large and loyal customer base, Marina's outsourced RCM services include medical charge coding, billing, follow-up, collection, accounting, consulting and related services. In acquiring Marina, T-System adds a key industry leader and important growth engine to its RCM services business.
This transaction extends Brookwood's successful track record in RCM, healthcare IT and other technology-enabled services for the healthcare industry, and it represents the third time Brookwood has advised Marina in a transaction process. It is our eighth business services transaction in the past 12 months. Brookwood's industry knowledge and skillful process management were instrumental in navigating an expedited process with an important strategic acquirer that generated a successful result for Marina.