Private equity firm combines 2 RCM companies

Private equity firm Veritas Capital has completed the combination of Coronis Health and MiraMed Global Services to create a multispeciality revenue cycle management platform. 

The combined company benefits from increased scale, end-to-end RCM capabilities across multiple specialties and employs 8,500 people globally, according to an Aug. 4 Veritas news release.

Northbrook, Ill.-based Coronis Health provides end-to-end RCM services to hospitals, primary and specialty physician practices, anesthesia groups, laboratories, emergency medical services, behavioral health centers and federally qualified health centers, according to the news release. Veritas acquired Coronis from private equity firm 424 Capital and other minority shareholders.

MiraMed, based in Jackson, Mich., provides medical coding, billing, and receivables management services to regional anesthesia-focused physician practices and other commercial healthcare clients, according to the news release. Veritas acquired MiraMed from Tony and Sue Mira, who will retain an ownership position in the combined company. 

The company will be led by Coronis CEO Stephen Grubbs, and Mr. Mira will serve as vice chairman of the board of directors, according to the news release.

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