Edgewater Adds Software Business to its Revenue Cycle Management Platform
Edgewater Growth Capital Partners III, L.P. is pleased to announce that its portfolio company BH Solutions, LLC (“BHS”) has recently acquired PPM Information Services, Inc. (“PPMIS” or the “Company”). BHS offers a growing suite of revenue cycle management services to large hospital and physician groups. PPMIS provides software and services for claims processing, collections management, reporting, patient scheduling, registration, coding, and financial management. The Company is an attractive addition to BHS’s Physician Services division, offering superior software capabilities, lower costs and an expanded customer base for the cross selling of other RCM services.
PPMIS was founded in 1996 and has operated as a wholly owned subsidiary of PPM Services Inc., a medical malpractice insurance company. PPMIS has developed a highly respected national reputation for innovation and quality. The Company has over 200 clients and 9,200 users including physician groups, medical billing companies, ambulatory surgical centers and hospitals. PPMIS will continue to be based in Mission, Kansas.
About Bolder Healthcare Solutions
Bolder Healthcare Solutions, LLC provides revenue cycle management (“RCM”) services to health care providers including hospitals, ambulatory surgery centers and physician groups. BHS employs over 800 people serving 450 client facilities across 26 states. In addition to its domestic operations, BHS manages two wholly owned operation centers in India. BHS is led by its CEO Mike Shea who previously was the Founder and CEO of MedAssist, a leading RCM company that served over 900 hospitals across the United States. BHS is actively building its portfolio of RCM services both organically and by acquisition. For additional information, contact Mike Shea at firstname.lastname@example.org.