Edgewater acquires RevClaims, LLC
Edgewater Growth Capital Partners IV is pleased to announce that its portfolio company MedData, Inc. (“MedData” or the “Company”) has recently acquired RevClaims, LLC (“RevClaims”). RevClaims provides complex claims revenue cycle management services. Their service include the processing and collection of third-party liability, workers compensation and Veteran’s Administration claims balances on behalf of healthcare providers.
MedData is a national provider of technology-enabled revenue cycle management solutions for hospitals, health systems and healthcare providers. MedData provides eligibility and enrollment services, complex claims recovery services and patient responsibility services. The Company is led by Mike Shea, a highly accomplished senior executive with over 30 years of revenue cycle management experience. Mike Shea previously served as the CEO of Bolder Healthcare Solutions, a former Edgewater Growth Capital Partners III investment in the revenue cycle management industry.
MedData is actively targeting acquisitions of niche revenue cycle management companies to augment its service offering and geographic presence.