Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that it was the exclusive financial adviser to The ROI Companies of Timonium, MD, a full service revenue management firm specializing in the healthcare industry, in connection with its recapitalization. Chicago-based, Edgewater Funds provided the equity financing.
ROI provides critical services to hospitals and physician groups including insurance billing and follow-up, self-pay billing, coding, eligibility, consulting, cash acceleration and collections. The Company is headquartered near Baltimore, MD with offices in the Boston, Cleveland, Philadelphia and Washington, DC markets.
Chris Wunder, President of the ROI Companies commented, “We are thrilled with the support we got from Evergreen every step of the process. Their counsel was invaluable allowing us to make the best possible deal.”
Rick Kohr quoted, “Chris Wunder and the ROI team represent the very best in what we look for in a company to work with in this type of process. They are a true leader in the revenue cycle management industry in the US. We were thrilled to identify a financial partner and represent them in a solution that met the shareholders’ expectations.”
Terms of the transaction were not disclosed.
About The ROI Companies
Headquartered in Timonium, MD, The ROI Companies represents over 50 years of business experience addressing the professional needs of providers throughout the healthcare industry and has come to be known as an industry-leading provider of full-service healthcare revenue cycle management services.
About The Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with $1.4 billion in committed capital. The firm provides capital and resources to lower middle-market companies to help accelerate their growth and market leadership.