Private equity firm Thompson Street Capital Partners, based in St. Louis, announced it has acquired Receivables Management Partners (RMP), based in Greensburg, Ind.
RMP provides accounts receivable management and other outsourced revenue cycle management services to the health care industry. Thomson Street acquired the company from private equity firm LaSalle Capital Group. Terms of the deal were not disclosed.
“We’re extremely pleased to work with such an excellent management team to bring RMP, a leading platform in a strong consolidating market, into the [Thomson Street] family and help them build upon their successful history of growth.” said Jim Cooper, senior managing partner at Thomson Street.
RMP CEO Mark Schabel added, “We’re all excited to have this opportunity to partner with Thompson Street. We believe this alliance will support our continued growth and help us build upon our long history of successful client partnerships. For us it’s the perfect match.”
LaSalle acquired predecessor company Collection Associates Inc. (CAI) in 2007. CAI acquired other medical collection agencies a short time after that and later emerged as Receivables Management Partners.
RMP has additional operations in Illinois and Michigan. The company has approximately 250 employees focused on health care receivables management.