Thompson Street Capital Partners Portfolio Company Receivables Management Partners Acquires Financial Control Services
ST. LOUIS (August 27, 2013) – Thompson Street Capital Partners (TSCP), a private equity fund based in St. Louis, has announced that its portfolio company Receivables Management Partners (RMP) has completed the acquisition of Waco, Texas-based Financial Control Services (www.fcsglobal.com), a healthcare revenue cycle management (RCM) business. Terms of the transaction were not disclosed.
Financial Control Services delivers its services to hospitals and physician offices throughout Texas, and will become part of the growing RMP platform. According to TSCP Managing Director Pete Villhard, “We’re excited to have the company’s team join our expanding healthcare revenue cycle management platform.” Added Villhard, “We’ll continue to pursue acquisitions in the realm of healthcare revenue cycle management and collections companies, both in Texas and throughout the country.”
Mark Schabel, RMP Executive Officer remarked, “The company’s organizational culture makes it a perfect fit with RMP’s high-touch client service approach. We will continue to provide the same outstanding service to customers, helping clients maximize recovery rates and associated revenue.” Said Schabel, “This acquisition marks RMP’s entrance into the growing Texas market and strengthens our position as a leading provider of accounts receivable management and other outsourced RCM services to the healthcare industry.”