Thompson Street Portfolio Company Receivables Management Partners Acquires Allied Business Services
ST. LOUIS (October 9, 2014) – 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 Allied Business Services (Allied), a full service healthcare collection agency and receivables management firm, based in Zeeland, Michigan. Terms of the transaction were not announced.
Allied (www.abscollect.com) provides self-pay and bad debt services primarily to hospitals, physician groups and billing companies, but also to commercial and governmental entities.
Mark Schabel, RMP Executive Officer remarked, “Allied management has built rock-solid relationships with their client base by tailoring the Company’s services to the individual needs of their customers – with an emphasis on experience, personalized attention and leading-edge technology. Adding Allied’s winning formula to the RMP success story is a perfect recipe for expanded customer service and ongoing growth.”