TripleTree Advises Revenue Cycle Partners on Merger with Avadyne Health

MINNEAPOLIS — TripleTree, LLC is pleased to announce that its client, Revenue Cycle Partners (RCP), has become a division of Avadyne Health (formerly known as H&R Accounts). The combination of the companies creates a major player in the revenue cycle services sector, serving over 125 hospitals in 27 states. Terms of the transaction have not been made public.

“Given today’s fast-changing healthcare industry, we at RCP felt it was time to combine forces with a firm that has invested in developing complementary strengths. Avadyne has created some very unique analytical tools that nicely round out RCP’s focus on the patient experience.”

RCP and Sage Capital, the Company’s financial sponsor, retained TripleTree as its exclusive advisor to align the Company with a strategic partner that would help the Company enter its next stage of growth.

During the process, Avadyne Health demonstrated they were able to meet all of RCP’s objectives, including the ability to advance a shared vision and culture dedicated to improving RCM processes with a primary focus on patient satisfaction and hospital brand and reputation management. Scott Morgan, CEO of Revenue Cycle Partners said Avadyne Health was a clear, strategic fit for the firm. “Given today’s fast-changing healthcare industry, we at RCP felt it was time to combine forces with a firm that has invested in developing complementary strengths. Avadyne has created some very unique analytical tools that nicely round out RCP’s focus on the patient experience.”

About Revenue Cycle Partners
Revenue Cycle Partners is a premier provider of managing patient self-pay accounts and third-party insurance follow-up services for hospital business offices, delivering world class customer service through a business process outsourcing model that provides a holistic account resolution approach. For more information, visit www.revenuecyclepartners.com

About Sage Capital
Sage Capital LLC is a private equity firm providing equity and mezzanine capital to lower middle market businesses in North America. For more information, visit www.sagecapital.com

About Avadyne Health
Avadyne Health, formerly known as H&R Accounts, provides revenue cycle management services to a wide range of healthcare providers across the nation. The firm and its subsidiaries provide third party claim resolution, self-pay billing and collections, bad debt contingency collection, and contract and denial management services. For more information, visit www.avadynehealth.com

About TripleTree, LLC
TripleTree is an independent investment bank and strategic advisor providing growth companies in healthcare and other tech-enabled verticals with merger and acquisition, private capital, and principal investing services.

For more information contact Cate Murphy at (952) 832-3350 or visit www.triple-tree.com.