Cardon Outreach and Diversified Healthcare Resources Merge
August 16, 2015
Cardon Outreach, one of the largest, national providers of integrated revenue cycle management services has completed a transaction to merge with Diversified Healthcare Resources (DHR), a leading provider of eligibility and enrollment services for California hospitals and healthcare facilities.
The combined company creates the leading independent, national provider of technology-enabled eligibility and other revenue cycle management services, with a broad suite of offerings including patient eligibility, early out, third-party liability, disability, and A/R services. Together, the companies will serve over 600 hospitals and 300 clinics in 43 states, employing 1,100 team members across the nation, all managed through a common, proprietary technology platform.
Serent Capital, a leading San Francisco-based private equity firm focused on investing in growth technology and service businesses, originally invested in Cardon Outreach in January 2011.
Cain Brothers & Company LLC served as financial advisor to Cardon Outreach for this Transaction.