NexPhase Capital, LP (NexPhase), a private equity firm, has announced a strategic investment in two prominent healthcare revenue cycle management (RCM) companies: MedA/Rx, based in Charlotte, NC, and Receivables Management Partners (RMP), headquartered in Indianapolis, IN. This investment marks a significant move to consolidate expertise and expand market reach within the healthcare RCM sector.
Barbara Hill, NexPhase Operating Partner and Chairperson of Meduit, the newly formed parent company encompassing MedA/Rx and RMP, stated, “We are thrilled to invest in these exceptional RCM companies. Together, as market leaders, they will serve an extensive network of over 500 hospitals and physician practices across 46 states.” This collaboration signifies a powerful synergy within the industry, bringing together leading receivables management partners to enhance service delivery and market penetration.
Meduit will harness the combined strengths, specialized expertise, and extensive resources of both MedA/Rx and Receivables Management Partners. The primary objective is to aggressively expand market share under a unified entity, creating a more robust and comprehensive service offering for healthcare providers. The leadership structure of Meduit will include key figures from MedA/Rx and RMP. Mike Coffey, previously Principal of MedA/Rx, will assume the role of CEO of Meduit. Chad Polk, also from MedA/Rx as Principal and Head of Sales, will become President and Chief Sales Officer. Mark Schabel, the former CEO of RMP, will take on the crucial position of Chief Acquisitions Officer, leveraging his experience to further expand Meduit’s footprint.
“The investment from NexPhase and the partnership with RMP provide a remarkable opportunity to build upon our established growth trajectory,” commented Mr. Coffey. “Operating under Meduit, we are strategically positioned to capture a larger share of the market and effectively cater to a more diverse range of client needs.” This unified approach promises enhanced service capabilities and a stronger market presence for the combined entity.
Mr. Schabel added, “NexPhase has a well-earned reputation for fostering value creation and collaborative engagement with executive teams. We view this partnership as a unique avenue to broaden our service offerings and amplify our capabilities across all markets we serve.” The collaboration is expected to drive innovation and deliver enhanced value to healthcare clients seeking comprehensive receivables management partners.
About NexPhase Capital
NexPhase Capital is a private equity firm based in New York, established by the former principals of Moelis Capital Partners (MCP). The firm focuses on growth-oriented companies in the middle market, with equity investments ranging from $25 million to $75 million. NexPhase specializes in key sectors including healthcare, industrial services, software, and consumer. With Co-Managing Partners Kurt Larsen and Ted Yun at the helm, NexPhase manages approximately $872 million of legacy private equity capital from MCP, continuing a sector-focused strategy of control investments in lower middle market companies. For further details, please visit www.NexPhase.com.
About MedA/Rx
Since its inception in 1988, MedA/Rx has been at the forefront of innovative revenue cycle management solutions for healthcare financial professionals. The company distinguishes itself by integrating a high-performance accounts receivable management service with a sophisticated healthcare financial consulting division. Through its sister companies, MedEBO Solutions, PMAB, and MBOC, MedA/Rx adopts a holistic approach to client revenue cycles, with a particular emphasis on Extended Business Office services. More information about MedA/Rx can be found at www.MedARx.com.
About Receivables Management Partners (RMP)
Receivables Management Partners (RMP) brings together an executive team with over 350 years of collective operating experience. RMP offers a unique combination of services, advanced technology, and a compassionate, patient-centric approach, all aimed at delivering superior net recovery rates for its clients. With over 520 dedicated employees, RMP serves approximately 200 hospitals and over 30,000 physicians nationwide. As committed receivables management partners, RMP is dedicated to ongoing investment and significant growth through successful, collaborative client partnerships. To learn more, visit www.receivemorermp.com.
NexPhase Media Contact:
Lex LeemingPartner & Head of Business DevelopmentT: 212-878-6005[email protected]
