PMG Partners, a provider of medical billing and collection services, has acquired Medibis, an Oklahoma City-based provider of Web-based reporting, analysis and benchmarking software for ambulatory surgery centers. No financial terms were disclosed. PMG is a portfolio company of Bertram Capital.
PMG Partners, LLC announced today it acquired Oklahoma City, OK-based MEDIBIS, a provider of internet-based advanced reporting, analysis and benchmarking software designed for ambulatory surgery centers (ASCs). PMG Partners, a portfolio company of Bertram Capital, is the nation's leading provider of medical billing and collection services for ASCs and specialty physicians. Financial terms of the MEDIBIS deal were not disclosed.
“MEDIBIS' technology solution and client base are a perfect fit with PMG,” said Ken Drazan, M.D., Chairman of PMG. “MEDIBIS' product offerings allow PMG to offer ASCs benchmarking and analysis tools to optimize their operations and profitability.” Dr. Drazan added that, “We are strongly committed to continuing to support MEDIBIS' partners and customers and we will focus on the enhancement of those relationships.”
“The acquisition of MEDIBIS has uniquely positioned PMG in the ASC market,” said Judi Irving, PMG's CEO. “PMG, the largest provider of ASC billing and collection services, coupled with MEDIBIS, will create an unrivaled treasure trove of data relating to practice patterns, costs, billing and reimbursement data. Our ability to provide ASC performance analysis across our client base is a key component of our commitment to serving the ASC market.”
“The alignment of MEDIBIS and PMG is a first of its kind in our industry,” said Roy Georgia, Founder and CEO of MEDIBIS. “This unique opportunity brings together years of advanced technology solutions with the nation's premier provider of billing services. We look forward to expanding PMG's offerings and delivering a whole new level of value-driven solutions to our customers and the ASC market.” Mr. Georgia and his management team will continue their employment with the company.
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