Transaction between DuvaSawko and abeo creates a leading multi-vertical provider of revenue cycle and practice management services to emergency medicine and anesthesia physician groups.
Editor's note: This publication originially appeared on abeo's website.
ORMOND BEACH, Fla.–(BUSINESS WIRE)–DuvaSawko, a leading provider of outsourced revenue cycle management (RCM) services to independent emergency medicine practices, today announced a transformative merger with abeo Management Corporation (“abeo”), a leader in the provision of outsourced RCM and practice management services to independent and hospital-employed anesthesia practices.
The transaction combines two RCM category leaders with a shared customer-centric culture, leveraging the combined company’s sales, service, and technology infrastructure to expand and deepen each constituent business’ capabilities and customer reach. Michael O’Boyle, abeo’s current CEO, will serve as CEO of the combined entity. Management of both DuvaSawko and abeo will be retained and will be meaningful shareholders in the combined company.
DuvaSawko is backed by Varsity Healthcare Partners (“VHP”), a leading healthcare services private equity investment firm, who contributed additional equity to complete the transaction and has committed future equity capital to fund additional diversifying and/or service and technology-accretive acquisitions.
O’Boyle, stated, “We are excited to join with the recognized leadership of DuvaSawko and their capital partners, Varsity Healthcare Partners. This strategic combination will enable both businesses to benefit from greater scale, diversification, and enhanced sales, service and managerial infrastructure. We also expect continuing growth, through renewed investment in identified organic opportunities and a well-developed acquisition strategy that will add complimentary tools and technology to our service capabilities.” Continue reading here>>
News from Our Partner