Main menu

Pages

Performant Capital Builds Platform to Deliver Managed Technology Services and Revenue Cycle Management to Healthcare Industry

featured image

Savannah, Georgia–(business wire)–Performant Capital today announced the acquisition of DavLong Business Solutions LLC and its affiliates Administrative Advantage LLC (collectively “DBS”) and On Demand Solutions Inc. (“ODS”). Provider Technology is his leading technology provider of outsourcing software and IT services, revenue cycle management (“RCM”), and back-office business support primarily to physician practices and healthcare systems. The businesses will continue to operate independently under their respective brands, but will share best practices across all functional areas.

Performance, investing from Fund I, completed a DBS and ODS transaction simultaneously in June. The private credit business within Goldman Sachs Asset Management (“Goldman Sachs”) provided a first debt and equity co-investment to support the acquisition.

Performant partner Mike Ciaglia said: “Given the scale enabled by the Goldman partnership, we look forward to meaningfully accelerating the growth of our business.”

Founded in 1983 and headquartered in Savannah, Georgia, DBS provides turnkey IT solutions for physician practices by fully hosting, maintaining and supporting all software needs of medical offices, from cloud hosting to cybersecurity. offers. DBS combines a proprietary suite of software products with leading third-party solutions to deliver a fully integrated electronic medical record and practice management system from a single vendor to healthcare practice. In addition to best-in-class software products, DBS also offers a complete RCM service designed to manage and optimize the entire practice collection process. Across both key functional areas, the company leverages the technical, analytical and skilled team expertise to improve operational and financial performance for its clients.

Founded in 2007 and headquartered in Boise, Idaho, ODS provides practice management software, RCM, staffing support and business advisory services to healthcare service providers and organizations. Its solutions improve business operational efficiency, reduce administrative costs and ensure business control, so clients can focus on providing quality patient care.

Combining DBS, AA, and ODS creates a national back-office and medical technology platform that serves more than 3,000 healthcare providers across the United States, ophthalmology, EMS and hospitality providers. Performer Chris McLaughlin, partner at his Capital, said: “Both businesses have established reputations for providing superior customer support as value-added partners to physicians and healthcare organizations. Customers value us not just as a service provider, but as an extension of their core team.” We look forward to the future of integrated business under Provider Technology as we expand our presence and enhance our capabilities to deliver more value to our clients.”

Provider Technology continues to seek best-in-class revenue cycle management and managed service provider software businesses for healthcare customers, expanding its geographic footprint and service capabilities. Please contact Mike Ciaglia (mciaglia@performantcapital.com) or Chris McLaughlin (cmclaughlin@performantcapital.com) if you have an opportunity to become a Provider Technology add-on acquisition candidate.

About Performance Capital

Performant Capital is a Chicago-based low-mid market private equity firm focused on investing in technology-driven companies. Performant acquires businesses across SaaS, technology-enabled services, and data intelligence products and services. With more than 50 years of collective investment and operational experience in these sectors, Performant principals demonstrate that investment depth, operational expertise and partner network can have a material impact on performance. Looking for opportunities. For more information on Performance Capital, please visit www.performantcapital.com.

About Goldman Sachs Asset Management Private Credit

Goldman Sachs Asset Management combines traditional and alternative investments, offering dedicated partnerships to clients around the world and a focus on long-term performance. As the primary investment line within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals. As of March 31, 2022, he has over $2 trillion in assets under management worldwide. Driven by our clients’ passion for performance, we seek to build long-term relationships based on belief, sustainable outcomes, and shared success over the long term. Goldman Sachs Asset Management invests in all types of alternatives including private equity, growth equity, private credit, real estate and infrastructure. Founded in 1996, Goldman Sachs Asset Management’s private credit business is one of the world’s largest private credit investors, with a portfolio of direct lending, mezzanine debt, hybrid capital and asset-based lending strategies. holds over $90 billion in assets. Our deep industry and product knowledge, extensive relationships, and global footprint enable us to support companies from small, mid-market to large enterprises to deliver results at scale, quickly and reliably. increase.

Comments