FRISCO, Texas -- (Business Wire)
Conifer Health Solutions®, the nation’s leading provider of
technology-enabled healthcare performance improvement services, today
concluded its $235 million acquisition of SPi
Healthcare, the Tinley Park, Illinois-based provider of innovative
revenue cycle management (RCM) and healthcare information management
(HIM) services and software solutions for independent and provider-owned
physician practices. It was previously announced on September 23, 2014
that Conifer had entered
into a definitive agreement to acquire SPi Healthcare. JP Morgan
Securities, LLC advised Conifer on the transaction.
According to Conifer president and CEO, Stephen M. Mooney, SPi
Healthcare will enhance Conifer’s already expansive service portfolio
and solidify its position as a sole-source provider of revenue cycle
management and value-based care solutions to healthcare providers and
other healthcare industry segments. SPi Healthcare’s 600 employees
currently serve more than 3,700 physicians across 21 states, handling
over $3 billion in physician charges, coding approximately 2.5 million
encounters and auditing approximately 150,000 health records annually.
About Conifer Health Solutions
Conifer Health Solutions is a healthcare services company helping more
than 700 clients strengthen their financial performance, transition from
volume to value-based care and enhance the consumer and patient
healthcare experience, with the goal of improving quality and access to
healthcare, while controlling costs. Conifer supports more than 19
million patient interactions across all service lines; manages more than
$25 billion in patient revenue and $17 billion in medically managed
spend; and provides technology and health management services to support
care management for more than 4 million lives, annually. For more
information, visit coniferhealth.com and follow @coniferhealth on
Twitter.
About SPi Healthcare
SPi Healthcare is the combination of two industry-leading organizations,
Springfield Service Corporation (SSC) and Laguna Medical Systems (LMS),
and is today one the world’s leading global business process outsourcing
firms. SSC began providing revenue cycle management and physician
billing services in 1986. LMS began providing health information
management (HIM) services in 1987. SSC was purchased by SPi Global in
April 2007, and LMS was purchased by SPi Global in August 2009. In
October 2011, SSC and LMS were united under the SPi Healthcare brand.
Contacts:
Conifer Health Solutions
Sharon Lakes, 469-803-3654
sharon.lakes@coniferhealth.com
Source: Conifer Health Solutions
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