CRP Invests in Revenue Cycle Solutions, Inc.

Capital Resource Partners provided $8 million of growth capital to Chicago-based Revenue Cycle Solutions, Inc. (“RCS”) to help finance the acquisition of CashRetriever Systems, Inc. (“CSI”). RCS and CSI will merge operations to form a new combined business under the name of RCS. CSI, with operations in Birmingham, AL and Tyler, TX, will contribute approximately $10 million of annual revenue to the combined entity.

RCS and CSI are both leading providers of outsourced revenue cycle management services for hospitals and other healthcare providers throughout the United States. With proprietary technology, tools and processes, both companies specialize in the collection of small-balance insurance and self-pay patient account balances which are particularly difficult for hospitals to cost-effectively manage. The combined business will have over 200 associates and will be serving over 150 hospital facilities.

Nick Scola, a Partner at Capital Resource Partners will be joining the company’s board of directors.

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