NexPhase Capital, a New York City-based private equity firm, simultaneously acquired two revenue cycle management solutions providers: Greensburg, Ind.-based Receivables Management Partners and Charlotte, N.C.-based Med A/Rx.
The transaction closed March 2. Under the terms of the transaction, the organizations formed a parent company, Meduit, to manage RMP and Med A/Rx and grow market share under a single entity.
RMP serves approximately 200 hospitals and more than 30,000 physicians nationwide and is a portfolio company of Thompson Street Capital Partners in St. Louis.
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