Thompson Street Capital Partners Acquires Receivables Management Partners
ST. LOUIS (July 27, 2012) — Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that it has partnered with management to acquire Receivables Management Partners (RMP) of Greensburg, Indiana. RMP is a leading provider of accounts receivable management and other outsourced revenue cycle management (RCM) services to the healthcare industry. Terms of the transaction were not disclosed.
RMP has become a market leader in its field by generating long-term client relationships through high-touch client service across a broad and expanding portfolio of outsourced RCM services. Said Jim Cooper, Senior Managing Partner, TSCP, “We’re extremely pleased to work with such an excellent management team to bring RMP, a leading platform in a strong consolidating market, into the TSCP family and help them build upon their successful history of growth. With its winning combination of highly trained employees, best-in-class processes and technology systems, and superior recovery performance, RMP will continue to offer the same strong support to help clients manage their complex revenue cycles and maximize recovered payments for services provided.”
RMP Chief Executive Officer Mark Schabel commented, “We’re all excited to have this opportunity to partner with Thompson Street. We believe this alliance will support our continued growth and help us build upon our long history of successful client partnerships. For us it’s the perfect match.”