ROCKVILLE, Md -- Greenberg Advisors (“GA”) is pleased to announce the acquisition of ARMC Financial Services (“ARMC”) by Revco Solutions (“Revco”), which is a portfolio company of Longshore Capital Partners (“Longshore”). GA initiated the transaction for Revco and Longshore.
Based in Oradell, New Jersey, ARMC is a healthcare revenue cycle management company that specializes in denials management.
Brian Greenberg, CEO of GA, commented, “The denials management sector is a hotbed of M&A activity, as specialists can significantly ease the cash flow issues faced by providers. In fact, this is one of a few transactions that we’ve completed in the denials space since last summer. In the case of ARMC, the owners built a solid business with marquee clients and great brand recognition.”
Revco’s CEO, Geoff Miller, commented, “ARMC’s denials management expertise allows Revco to enter a highly attractive niche of the revenue cycle to better serve its existing clients.”
For more information regarding investment and M&A activity, read GA’s 2020 M&A Updates for ARM and RCM & HCIT, which offers insight and trend analysis.
About Greenberg Advisors
Greenberg Advisors, LLC is an independent investment bank providing world-class M&A and strategic advisory solutions to Business Services and Technology companies in the Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), Healthcare Information Technology (HCIT), and Business Process Outsourcing (BPO) sectors.
Focused on these sectors for over 25 years, the firm’s professionals offer a comprehensive, yet highly specialized perspective from which to advise clients, which has resulted in the completion of over 135 M&A, capital raising, valuation, and strategic advisory engagements. These client successes reflect Greenberg’s distinct client-first approach, deep sector expertise, objective point of view, and work ethic.