Yearly Archives: 2017

Bolder Healthcare Solutions Announces Ninth RCM Acquisition

BOLDER Healthcare Solutions

Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce that its portfolio company Bolder Healthcare Solutions (“BHS”), a leading provider of revenue cycle management (“RCM”) services to the healthcare market, has recently acquired Business Dynamics, Inc. (“Business Dynamics”).

Business Dynamics was founded by Barbara Cataletto in 1998 and is a full-service Spine RCM firm that simplifies and streamlines the business of coding, billing and reimbursement for spine specialists. Ms. Cataletto will continue in her current role as CEO, with Business Dynamics operating as a stand-alone entity within BHS’ Physician vertical.

BHS offers a growing suite of best of breed healthcare RCM services to the Hospital and Physician marketplace. BHS was formed through a partnership with experienced industry executive Michael Shea and currently has over 2,000 employees serving over 600 clients across the U.S.

BHS continues to pursue acquisitions of select, high quality RCM service providers. Please contact us to discuss any acquisition opportunities.

Testing Services Holdings, LLC acquires Shannon Optical Company, Inc. and Midwest Gas Instrument Service, Inc.

Edgewater Growth Capital Partners III, L.P. is pleased to announce that its portfolio company Testing Services Holdings, LLC (“TSH”) has recently completed the acquisitions of certain assets of Shannon Optical Company, Inc. (“Shannon Safety”) and Midwest Gas Instrument Service, Inc. (“Midwest Gas”). TSH is a strategic build-up of best-of-breed businesses in the health, safety and environmental protection industry (“HSE”). The acquisitions of Shannon Safety and Midwest Gas continue to advance TSH’s focused growth strategy through expanding its offerings of products, superior service and support to its customers.

Shannon Safety is headquartered in Bridgeville, PA and is a distributor of a full line of protective equipment including respiratory products and hand and face protective equipment. Midwest Gas is headquartered in Detroit, MI and operates as a distributor of gas measurement instruments and as a maintenance service provider. The acquisitions of Shannon Safety and Midwest Gas expand TSH’s customer base and increase cross-selling opportunities.

TSH is actively targeting acquisitions that will increase the breadth of services provided to TSH’s customer base and expand the regions in which the services are provided.