MDeverywhere acquired by Marlin Equity Partners
Hauppauge, NY – March 4, 2009: MDeverywhere, Inc., (MDe) a Hauppauge NY-based provider of physician revenue cycle management services, is pleased to announce that it has been acquired by Marlin Equity Partners (“Marlin”). Marlin, based in El Segundo CA, is a leading private investment firm investing in businesses across multiple industries.
MDe is a leading provider of next generation practice management and medical billing solutions to more than 2,500 physicians ranging from single doctor practices to large hospital-based physician networks. MDe’s sole focus is to increase a practice’s revenue through the application of targeted technology, robust knowledge bases and best-in-class operating capability. MDe’s current CEO, Ann Bilyew, will continue her leadership position with the company.
Ann Bilyew commented “We are very excited to be partnering with such a strong equity firm. Marlin brings substantial financial resources and expertise in the healthcare IT sector. With their backing and MDe’s comprehensive services, technological leadership and unmatched value-oriented sales approach, we will be able to continue our rapid growth and expansion.”
“Marlin recognizes the constant struggle with reimbursement pressures and heightened regulatory compliance. MDe’s scalable infrastructure, proprietary technology platform and growing customer base provide a strong competitive advantage in the fragmented RCM market,” stated Jim Brady, Healthcare Operating Partner at Marlin Equity Partners. “We are looking to make near-term strategic acquisitions by acquiring localized RCM providers with loyal physician bases.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin Equity Partner invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources will significantly strengthen a company's outlook and enhance value. Since 2005, Marlin Equity Partners, through its group of funds and related companies, has successfully completed over 20 acquisitions across a variety of industries. For more information, please visit www.marlinequity.com.
About MDeverywhere, Inc.
MDeverywhere, Inc. is a physician-centric revenue cycle management company providing practice management and medical billing solutions to a variety of physician practices ranging from single doctor practices to large hospital-based physician networks. MDE’s software-as-a-service (SaaS) offering allows physician practices to enhance revenues via reducing billing costs, accelerating client payments, and improving collections. MDE offers its solutions to over 2,500 physicians across numerous specialties within healthcare. For more information, please visit www.mdeverywhere.com.
Contact: David Fetterolf
President
631-232-4260
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