Optima Healthcare Solutions, a portfolio company of Alpine Investors, has acquired Bend, Oregon-based Vantage Clinical Solutions Inc, a provider of revenue cycle management and digital marketing services for physical therapy practices. No financial terms were disclosed.
PALM CITY, Fla. and BEND, Ore., Oct. 2, 2018 /PRNewswire/ — Optima Healthcare Solutions, a leading provider of cloud-based solutions for post-acute care providers, today announced the acquisition of Vantage Clinical Solutions, Inc., a company that specializes in revenue cycle management (RCM) and digital marketing services for physical therapy practices. The transaction will allow Optima to expand its post-acute care solutions to meet the growing demand for outsourced business services used to operate outpatient therapy clinics.
“The Vantage team has developed sophisticated billing processes and a unique suite of business services tailored for outpatient clinics,” said Josh Pickus, Optima’s CEO. “These capabilities align well with our clinics software, Optima Therapy for Clinics, and support our vision of meeting the needs of therapy providers across the post-acute care continuum.”
Headquartered in Bend, Oregon, Vantage Clinical Solutions provides revenue cycle management, digital marketing and consulting services to outpatient clinics nationwide. The company’s RCM services cover every part of the billing lifecycle, including electronic claims submission, payment processing, patient and insurance collections and accounts receivable management.
“Optima is a recognized leader in the therapy market with a 25-year track record of technology innovation, regulatory expertise and customer satisfaction,” said Tannus Quatre, President of Vantage Clinical Solutions. “Our shared values and commitment to excellence will provide our customers with a truly differentiated solution and the resources needed to meet changing regulatory, clinical and business demands.”
“We are excited to be joined by the talented Vantage team and will continue to build on their superior level of service to delight customers,” said Dinesh Senanayake, Optima’s CFO and General Manager of RCM Services. “Along with our successful RCM service for hospices, this transaction enables us to deliver high-quality RCM and digital marketing services that allow outpatient therapy clinics to maximize visibility, reimbursement and cash flow.”
Optima is a portfolio company of Alpine Investors V and V SBIC, LP.
About Optima Healthcare Solutions
Optima Healthcare Solutions provides cloud-based solutions for post-acute care providers, including contract therapy companies, skilled nursing and assisted living facilities, outpatient therapy clinics and hospices. For over 25 years, Optima has led the industry with therapy management software, and today more than 11,000 sites of service rely on our full range of clinical, operational and billing solutions to increase business performance, ensure compliance and improve care for millions of patients every year. Meet us at www.optimahcs.com.
About Vantage Clinical Solutions, Inc.
Vantage Clinical Solutions is a nationwide revenue cycle, digital marketing and consulting firm dedicated to the mission of improving healthcare through entrepreneurship. For over 10 years, the company has provided solutions to the outpatient physical therapy market under its brands: VantageRCM, an outsourced billing solution for PT practices, and BuildPT, a leading digital marketing agency for PT practices. For more information, visit www.vantageclinicalsolutions.com.
About Alpine Investors
Alpine Investors is a software and services-focused private equity firm that specializes in majority buyouts of founder-owned businesses and corporate carve-outs. Alpine differentiates itself through its PeopleFirst strategy and CEO-in-Residence (CIR) program, where Alpine partners with CEOs first and places them into companies as part of the transaction. This provides a unique solution for founders and companies that desire additional management support post-transaction. Alpine is based in San Francisco, Calif. For more information, visit www.alpine-investors.com.