ROCKVILLE, Md. -- Greenberg Advisors (GA), a leading investment bank specializing in M&A advisory in the Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), Healthcare Information Technology (HCIT), and Business Process Outsourcing (BPO) sectors, announces a preview of its analysis regarding the 2022 M&A activity in the ARM sector, as well as two ARM industry transactions in which it advised.
In total, 23 transactions worth nearly $800 million were completed in the ARM sector in 2022. While deals that were under $25 million in transaction size remained the most common by far, there was an uptick in activity among transactions in the $25 million-$50 million range, which represented 17% of transactions compared to 10% in 2021. Independently-owned strategic buyers were the most active type of buyer, completing 39% of the transactions, followed by private equity-backed strategics at 35%.
Among the 10 transactions in which GA advised in 2022, the firm would like to announce two ARM deals in particular. The first transaction involved a highly profitable commercial collection business based in the northeastern US. The seller in the second transaction was a well-recognized early-out and Extended Business Office (EBO) vendor to hospitals and healthcare providers throughout the US, with a focus in the Southeast. Both businesses were acquired by private equity-backed strategics. Transaction participants have not yet been announced.
Brian Greenberg, CEO of GA, noted, “Having known the sellers in both transactions for many years, we’re grateful to have played a role in helping them exit their businesses so they can enjoy the results of their hard work.”
GA will release its M&A Update for the ARM industry in February. Brian Greenberg will be attending the upcoming RMAI conference in Las Vegas. Contact Brian to schedule a meeting or call.
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, resulting in the completion of over 150 M&A, capital raising, valuation, and strategic advisory engagements. Since 2020, the firm has facilitated over $450 million in transaction value. These client successes reflect Greenberg’s distinct client-first approach, deep sector expertise, objective point of view, and work ethic.