DEERFIELD BEACH, FL ? Premium Assets Recovery Corporation (PARC) announced today the purchase of $129 million in self pay medical accounts receivable combined with a forward flow agreement with a regional hospital healthcare provider and network.
Mr. Chris Conway, President, stated ?I am pleased with the hospitals decision to award the sale of this charged off receivable to PARC. We have worked with this provider over the past 17 months to ensure all concerns regarding the sale of medical accounts and fiscal goals were satisfied.?
Mr. Adam Holzhauer, Senior VP of Business Development, stated ?This purchase is consistent with PARC?s goal to be the leader in this rapidly growing healthcare market. We now look forward to expanding our medical purchasing base by contracting with the networks 40+ additional hospitals for similar purchase agreements.?
PARC is the leading private company focused on the purchase and collection of medical accounts receivables from healthcare providers. Since 1998 the company has purchased in excess of $600 million in distressed hospital A/R. The company headquarters are in Deerfield Beach, Florida located at 350 NW 12th Ave., Suite 210. You may contact Mr. Chris Conway, President, or Mr. Adam Holzhauer, Sr. VP ? Business Development, at 888-533-7272 XT 1015 for more information.
