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WCAS-backed Argos Health merges with EnableComp

Argos Health, which is backed by Welsh, Carson, Anderson & Stowe, has merged with EnableComp, a Franklin, Tennessee-based provider of workers’ compensation, Veteran Affairs and other complex claims processing solutions.

Argos Health, which is backed by Welsh, Carson, Anderson & Stowe, has merged with EnableComp, a Franklin, Tennessee-based provider of workers’ compensation, Veteran Affairs and other complex claims processing solutions. Argos Health is a provider of complex claims solutions to healthcare providers. No financial terms were disclosed.

PRESS RELEASE

Dallas, Texas, December 20, 2021 – Argos Health (“Argos”) announced today it has merged with EnableComp. Argos Health is a rapidly growing provider of complex claims solutions to the country’s leading healthcare providers. Argos works with hospitals, health systems, and physician groups to increase revenue recovery across workers’ compensation, motor vehicle accident, out-of-state Medicaid, and Veterans Affairs claims, as well as ERISA appeals. Welsh, Carson, Anderson & Stowe (“WCAS”) acquired Argos Health earlier this year.

Based in Franklin, Tennessee, EnableComp is a leading provider of workers’ compensation, Veteran Affairs and other complex claims processing solutions, facilitated by its proprietary software, Enforcer360. EnableComp was originally founded in 2000 and today serves over 800 healthcare facilities across more than 50 customers.
Brent McCarty, Chief Executive Officer of Argos Health said, “We are excited about the merger with EnableComp, which solidifies Argos as the clear market leader in complex claims solutions. Our differentiated expertise in complex claims recovery generates a high return on investment for our clients. We strive to continuously enrich the breadth and caliber of our offerings, and we believe the combined scale and capabilities of Argos Health and EnableComp will enhance our ability to serve our customers.”

“Argos Health is a first-of-its-kind specialty revenue cycle platform to assist providers in recovering hard-to-capture payments of all types,” said Ed Sobol, General Partner at WCAS. “The combination with EnableComp significantly expands Argos’ geographic presence nationally and elevates its technology capabilities. We look forward to partnering with the management team and Primus Capital to continue growing the business organically and through acquisitions, while delivering best-in-class solutions to our clients.”

“We are thrilled to partner with the Argos team and to leverage WCAS’ deep experience working with health systems to support the company’s growth,” noted Caroline Dechert, Principal at WCAS. “By facilitating efficient claims processing, Argos ensures providers are paid fairly for their services and patients are protected from improper bills, while enabling providers to re-invest in care delivery.”

Over the past four decades, WCAS has successfully invested approximately $10 billion of equity in over 90 healthcare companies through its 13 private equity funds. WCAS’s current portfolio includes market-leading healthcare businesses such as CenterWell, Leiters, MMIT, Shields Health Solutions and US Radiology Specialists.

About Argos Health
Argos Health is a revenue cycle partner specializing in the resolution and recovery of complex claims. The company works with hospitals, health systems, and physician groups to increase revenue recovery across workers’ compensation, motor vehicle accident, out-of-state Medicaid, and Veterans Affairs claims, as well as ERISA appeals. Argos Health has been ranked #1 in the Complex Claims Solution Vendor category in the last three Black Book Hospital CFO Surveys and is a top-ranked KLAS vendor. Argos Health was named to the 2021 Deloitte Technology Fast 500, which recognizes 500 of the most innovative, fastest-growing companies across the technology, media, telecommunications, life sciences, fintech, and energy tech sectors in North America.

To learn more, visit: http://www.complexclaims.com.