DALLAS, Dec. 6 /PRNewswire/ -- Accuro Healthcare Solutions, Inc. (Accuro) announced that it has received a commitment of $100 million from Welsh, Carson, Anderson & Stowe (WCAS). This represents the fourth time WCAS has partnered with John K. Carlyle, founder of Accuro, to build a leading healthcare services company.
John K. Carlyle, Accuro’s President and Chief Executive Officer, stated, “We believe there is a unique opportunity for Accuro to offer a comprehensive solution to the healthcare provider market by consolidating the ‘best in class’ outsourcing businesses through acquisition and new product development. We are confident that changing market dynamics will require healthcare providers to continue to seek alternatives to enhance their financial performance.” Towards this objective, Accuro has purchased a majority interest in Innovative Managed Care Solutions, Ltd. (IMaCS). IMaCS is a leading provider of internet-based contract management services which allows providers to access their managed care contracts, validate reimbursement, improve collections and ultimately enhance their financial results.
“We recognized that providers will continue to look for tools to better manage their revenue cycle,” said D. Scott Mackesy, WCAS General Partner. “As a result, we have committed the necessary capital to Accuro in order to execute its business objectives. Based on John’s successful healthcare background and the initial IMaCS acquisition, we feel that we have a solid platform from which to broaden into other outsourcing solutions, through both acquisitions and internal development.”
About WCAS
Since its founding in 1979, WCAS has organized 13 private investment partnerships with total capital of more than $13 billion. WCAS has completed nearly 100 buyouts and investments since inception and currently invests out of WCAS IX, a $3.9 billion equity fund and WCAS CP IV, a $1.3 billion captive subordinated debt fund. WCAS is one of the largest private equity firms in the U.S. and the largest in the world focused exclusively on information and business services and healthcare.
About IMaCS
IMaCS offers an internet-based contract management solution for providers to validate managed care and Medicare reimbursements, improve collections, reduce A/R days and generate accurate write-downs as soon as the providers’ claims are produced. Hundreds of hospitals, professional groups and surgery centers use IMaCS’ internet-hosted solution to access their calculated results, contracts, management reports and modeling and analysis tools online.
About Accuro
Accuro was formed to develop a comprehensive solution to the reimbursement pressures that exist in the healthcare provider marketplace. Through acquisitions, new product development, and technology, Accuro intends to consolidate the “best in class” outsourcing businesses. Towards that goal, Accuro has recently purchased IMaCS, a leading provider of internet-based contract management services.
CONTACT: John K. Carlyle President and Chief Executive Officer or Robert S. Allday Sr. Vice President, Corporate Development (972) 692-2625 phone (972) 692-2624 fax
Accuro Healthcare Solutions, Inc.
CONTACT: John K. Carlyle, President and Chief Executive Officer, orRobert S. Allday, Sr. Vice President, Corporate Development, both of AccuroHealthcare Solutions, Inc., +1-972-692-2625, or fax, +1-972-692-2624