Private Equity Firms Finance ARM Holdings' Acquisition Of The Landau Group

ARM Holdings, Inc., a company formed to acquire and develop revenue cycle management services that focus primarily on healthcare providers, has acquired Accounts Recovery Bureau, a national collection agency, and Associated Credit Systems, together known as The Landau Group. Financial

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ARM Holdings, Inc., a company formed to acquire and develop revenue cycle management services that focus primarily on healthcare providers, has acquired Accounts Recovery Bureau, a national collection agency, and Associated Credit Systems, together known as The Landau Group.

Financial details of the acquisition were not disclosed, but CCP Equity Partners and SightLine Partners led the financing, which also included Quilvest Private Equity.

“For over 30 years, The Landau Group has been providing its customers with business processing outsourcing, collections and information technology services,” said Bruce Colburn, CEO of ARM. “The company and its management team have developed proprietary processes and systems that have produced strong growth and a solid customer base of primarily healthcare providers, in addition to a growing number of municipal customers.”

The Landau Group employs 125 people in its Wyomissing office, just outside of Reading, Pennsylvania. Target customers include large multi-hospital healthcare systems, community hospitals and physician practice groups. Management intends to expand operations in the city of Reading as its business grows.

“We believe that ARM is extremely well positioned in the market as more healthcare providers look for outsourced solutions to assist with the increased complexity of medical billings and insurance coverage,” said Ken Higgins, managing director of SightLine added.

In connection with the transaction, Messrs Aspinwall, Higgins and Colburn have joined ARM’s board of directors, along with John Clinton, a managing partner at CCP, and Howard Rimerman, an advisory partner at Quilvest. Capital Source provided debt financing for the transaction.

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