NORCROSS, Ga. – Hollis Cobb Associates announces its acquisition of Healthcare Financial Services, located in Jackson, Mississippi. This represents Hollis Cobb’s fifth acquisition in the past three years as they continue their national leadership as outsourcers of the revenue cycles within the healthcare provider market.
This acquisition is significant as it represents the largest deal as measured by revenue addition to the Hollis Cobb family. “This deal made sense for so many reasons, but foremost it plays into our strategy of growing Hollis Cobb both organically and through strategic acquisitions” cites Greg Hocutt, the President of Hollis Cobb.
Healthcare Financial Service’s name will survive through a transition period at which time further marketing and sales effort will take place under the Hollis Cobb Associates name and logo. The unique nature of this acquisition is furthered by the fact we now own the collection facility as opposed to our other locations which are leased.
Ken Rubin, VP of Finance for Hollis Cobb reflects “Hollis Cobb was in the unique position to pay fair value for Healthcare Financial Services, and with our scale provide a healthy return to our operations, while providing improved returns to all of our Healthcare Financial customers by way of higher recoveries with lower risk.”
About Hollis Cobb
Hollis Cobb Associates is a professional revenue cycle solutions agency founded in 1977 by Hollis L. Cobb following his twenty-eight years of experience in the credit and collection industry. His philosophy from the beginning was to offer a personalized quality service second to none. Today we continue to build on that philosophy by working closely with our clients to address and fulfill their ever changing needs.
For more information please contact Kelly O’Donnell, Manager of Human Resources @ firstname.lastname@example.org.