Wilmington, Del. — Universal Capital Management, Inc. (OTC Bulletin Board: UCMT – News), a Wilmington, Delaware business development company that provides management and strategic growth resources to emerging growth companies is pleased to announce that one of its holdings, iVolution Medical Systems, Inc., recently acquired Continental Collection Services (CCS), a medical collection service company located in New York City, New York.
The acquisition supports iVolution’s consolidation strategy of buying already established cash flow -generating medical billing and collection companies that will be immediately accretive to earnings. The terms of the completed transaction included cash and seller-financed debt.
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