MedData, a provider of patient-focused revenue cycle management services has acquired Cardon Outreach, LLC, an integrated revenue cycle management services provider for $400M.
Once the acquisition closes, the combined companies will have 2,000 employees. Additionally, each entity will retain its brand and all current facilities will remain in place as they are today.
Founded in 1996, Cardon Outreach provides revenue cycle management services and technology solutions focused on helping hospitals lower costs, reduce operating and capital expenses, recover revenue, and increase productivity.
Today, more than 800 healthcare providers and hospitals in 46 states use Cardon’s integrated revenue cycle management services which includes:
– eligibility assistance
– accounts receivable recovery services
– third party liability
– workers’ compensation
– social security disability
– denials management and appeals
– patient financing
The Woodlands, TX-based company is expected to generate $36 million in revenue EBIDTA this year.
The acquisition is subject to customary closing conditions, including regulatory approvals and is expected to close within the next 30 days.
