March 20, 2018: Philadelphia, PA: Corporate Advisory Solutions LLC (CAS) is proud to announce its involvement in a recently completed merger between its client, RevSolve, Inc. and USCB America, two recognized leaders in the growing healthcare revenue cycle management industry. CAS advised RevSolve, Inc. in this transaction.
RevSolve, a Scottsdale, Ariz.-based company founded in 1964, was once known as Collection Service Bureau Inc., led by Chris Becraft. The ACA member company was rebranded as RevSolve, a firm that prides itself on being “the best-in-class revenue solution for healthcare providers,” according to a press statement released by the USCB America.
“In today’s fast-paced and competitive environment, it becomes critical to look for avenues to retain tenured and successful employees and to broaden the services offered to our business partners,” Albert Cadena, USCB America’s CEO and president, said in the news release.
“In deciding the next chapter of our 53-year-old company, we looked for a partnership that could bring further depth to our healthcare revenue cycle services, a commitment to expand our presence in Arizona, and a culture that complements ours and that of our clients,” Becraft said. “We nailed every criterion. We are also proud to now be a 100 percent employee-owned company as part of this merger, which is a tremendous benefit to current employees and a huge competitive advantage to acquiring the best talent for the future. We couldn’t be more delighted to part of the USCB America family of companies.”
According to Mark Russell, Managing Partner at CAS, “In my almost 20 years of providing M&A advisory services to the outsourced business services sector, I have not seen a better fit culturally and operationally than what exists between RevSolve and USCB America. Mr. Becraft engaged with us because of CAS’ M&A expertise and experience within the healthcare RCM industry. After having explored strategic alternatives, Mr. Becraft determined that USCB was the best option for him and his family, and his company. Mr. Cadena and his team were true professionals throughout the entire process, and made Mr. Becraft’s decision an easy one.”
About RevSolve, Inc.
RevSolve, Inc. a Scottsdale, Ariz.-based company, founded in 1964, exclusively specializes in receivables management and recovery solutions for the healthcare industry. A partnership with RevSolve provides stability, integrity, and proven results. Healthcare and medical revenue recovery is complex and RevSolve has the experience, compliance, technology and expertise to deliver best-in-class revenue solutions to organizations. The ACA member company, once known as Collection Service Bureau, Inc. was rebranded as RevSolve, Inc.
About USCB America
USCB America, Los Angeles, CA, is a leader in providing innovative business process outsourcing and accounts receivable management solutions to some of the largest private and public institutions and healthcare providers in the United States. Utilizing “best practices” and leveraging decades of experience in the Receivable and Resource Management industry, USCB America delivers to its clients customized, turn-key A/R Management Solutions that improve cash flow, streamline workflow processes, reduce administrative redundancy and optimize revenue cycle management.
CAS is a merchant banking firm helping clients to build, grow and sell successful businesses. CAS specializes in the outsourced business services (OBS) sector, and offers clients sell-side and buy-side representation, capital raising, fair market valuation, and other strategic advisory services. The CAS deal team members have advised OBS clients on more than 100 M&A transactions representing over $1 billion in shareholder value. CAS operates from two offices based in Philadelphia and Washington, D.C. Securities conducted through StillPoint Capital Member FINRA/SiPC, Tampa,FL.