Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company Receivables Management Partners (RMP) has completed the acquisition of Reading, PA-based AR Logix (ARL), a healthcare revenue cycle management (RCM) business. Terms of the transaction were not disclosed.
AR Logix (www.arlogix.com) delivers its services to hospitals and physician offices throughout the Northeast, and will become part of the growing RMP platform. According to TSCP Director Anthony Chambers, “We’re excited to partner with the AR Logix team to expand RMP’s presence in the Northeast.”
Mark Schabel, RMP Executive Officer remarked, “We are excited to partner with the ARL team while continuing to bolster RMP’s position as the leading provider of patient-focused revenue cycle management services to the healthcare industry. RMP will continue to seek opportunities to expand organically and through acquisitions which provide opportunities to leverage our strong capabilities to better serve patients and healthcare providers.”