Receivables Management Firm Kadent Acquires Hospital-Owned Mutual Hospital Services
Kaulkin Ginsberg Anticipates Increased Hospital Divestitures of Receivables Management Businesses
Bethesda, MD: March 1, 2007 – Kaulkin Ginsberg Company announced today that Kadent Corporation (formerly ARM Holdings, Inc.), a leading provider of receivables management services, has acquired substantially all of the assets and assumed certain liabilities of Mutual Hospital Services, Inc. (MHS). Terms of the transaction were not disclosed. Kaulkin Ginsberg initiated the transaction and served as advisor to MHS.
“We are delighted to have brought MHS together with Kadent. The combined resources and outstanding reputation of both companies creates a compelling healthcare-focused accounts receivable management platform” said, Michael Lamm, Associate of Kaulkin Ginsberg and lead advisor on the transaction. “Healthcare ARM companies are attracting the interest of strategic and financial buyers in the current market, so the timing is right for hospitals who wish to divest.”
Established in 1958, MHS is a not-for-profit 501 (e) corporation that provides contingency collection services to the healthcare industry. MHS was principally owned by three Indianapolis-area hospitals: Clarian Health Partners, Community Hospitals of Indiana, and Sisters of St. Francis Health Services. In addition to the principal owners, MHS serves more than 60 healthcare facilities in Indiana, Kentucky, Illinois, and Ohio.
With Kadent’s nationwide receivables management services, the combined company will serve nearly 800 clients, process approximately $1 billion in placements over the next year, and employ nearly 200 people in three locations.
“The MHS transaction provides us with an opportunity for accelerated growth, a substantial geographic increase in the Midwest market, and adds a number of prestigious healthcare clients to our growing portfolio,” said Bruce Colburn, Kadent President and Chief Executive Officer.
MHS Chairman Charles Meadows added, “We were careful in selecting a company to assume the receivables management responsibilities entrusted by our clients to MHS for nearly 50 years. Overall, we are very pleased with the outcome of this transaction and Kaulkin Ginsberg’s ability to help us identify and consummate a transaction with such a strong receivables management company.”
About Kadent Corporation
Kadent provides receivable management solutions from its three principal businesses: outsourcing healthcare business office operations (Kadent Healthcare Corp.), traditional collection agency services to the healthcare, government and utility industries (Accounts Recovery Bureau, Inc.) data analysis/management and processing services (Kadent Technologies). Read more at www.teamkadent.com.
About Kaulkin Ginsberg
Kaulkin Ginsberg is the leading strategic advisor to accounts receivable management and related business services companies, helping owners and executives succeed in their efforts to analyze, grow, or exit their businesses. Services include merger, acquisition, and valuation advice; market research; debt purchase and sales advice; operational consulting; and executive search. Kaulkin Ginsberg’s media division publishes the most popular sources of timely industry information such as insideARM.com(TM) and The ARM Insider(TM). Kaulkin Information Systems provides secure, affordable document management and workflow systems. Read more about Kaulkin Ginsberg at www.kaulkin.com.
Possible H-1B Visa Reform on the Horizon will Impact the ARM Industry
February 24, 2017
Human capital is a crucial aspect of efficient and innovative business processes, as well as a country's long-term growth potential. As such, the implications associated with changing the existing H-1B visa program structure will have far reaching consequences on all industries, including the outsourced business services. ....» see this post » all posts
Establishing Value Before Going to Market
February 1, 2017
Kaulkin Ginsberg recommends business owners establish a realistic value for their business before going to market. This ensures we are on the same page with our clients, and avoids causing undo stress to the management team by starting and stopping a sale process....» see this post » all posts
Check Payments: A Dying but Meaningful Market
January 19, 2017
Before the 21st century, collecting bad checks was one of the largest sources of new business for debt collection agencies. Innovations in fintech are continually changing consumers' transaction modes through the use of advanced technologies like mobile payment systems, and checks are becoming increasing rarer as a means of noncash payments. We examine trends within checking and discuss how changes in this market will affect the ARM industry. ....» see this post » all posts
Mike Ginsberg Leading Panel Discussion at DBA International 20th Anniversary Conference
February 1, 2017
Mike Ginsberg, President and CEO of Kaulkin Ginsberg, will be speaking in a panel discussion on Trends in Debt Buying on Wednesday, February 8th at the DBA International 20th Anniversary Conference in Las Vegas, Nevada....
Spring 2017 Research Fellowship Program Analyzes International Outsourced Business Services
February 1, 2017
Kaulkin Ginsberg, the leading consultancy and M&A advisory firm for the outsourced business services (OBS) industry, began the eighth semester of its Research Fellows Program on January 30th in conjunction with the University of Maryland, College Park's Department of Economics. Fellows will be analyzing and developing market research reports on the German, U.K., Australian, and Canadian OBS industries, with a particular focus on collection agencies and call centers.....
Kaulkin Ginsberg Releases the Healthcare RCM Overview
November 1, 2016
This report provides analyses of the current and anticipated challenges facing the healthcare market, trends facilitating growth, and an outlook for the future.....