Thompson Street Capital Partners (TSCP), a private equity fund based in St. Louis, has announced that its portfolio company Infinity Behavioral Health Services (Infinity) has completed the acquisition of Boca Raton, Florida-based Hyperion Billing Solutions (www.hyperionbilling.com), a healthcare revenue cycle management (RCM) business. Terms of the transaction were not disclosed.
Hyperion Billing Solutions delivers billing, utilization review and other revenue cycle services to behavioral healthcare providers and will join the growing Infinity platform. According to TSCP Director Anthony Chambers, “We’re excited to partner with the Hyperion team. Hyperion founders Peter Walstrom and Joseph Petri have built an impressive operation with a well-trained and passionate team that will complement Infinity’s operations nicely. Added Mr. Chambers, “We’ll continue to pursue other complementary acquisitions to expand upon Infinity’s position as the leading provider of billing and other revenue cycle management services to behavioral healthcare providers.”
Dominic Sirianni, Infinity co-founder and CEO remarked, “We are always searching for opportunities to better service our clients. The systems, technology and infrastructure in place at Hyperion will expand upon Infinity’s existing capabilities and allow our Companies to maximize reimbursement for our clients so that they can continue to invest in better patient outcomes.” Added Mr. Sirianni, “We were incredibly impressed by Mr. Walstrom and Mr. Petri and believe they have instilled a strong culture with an emphasis on customer service and business ethics which have been keys to our own success at Infinity and will serve the combined company well in the future.”