BOSTON, Nov. 21, 2019 /PRNewswire/ -- Mirus Capital
Advisors announced that it advised Connect America.com LLC, the
nation's largest independent provider of personal emergency
response systems (PERS), in the sale of its Patient Access Services
(PAS) division to Change Healthcare (NasdaqGS:CHNG).
Financial terms of the deal were not disclosed.
The integration of the PAS divisions of Connect America and
Change Healthcare combines two healthcare communication market
leaders, bringing together over 1,000 employees in five call
centers nationwide to provide patients a best-in-class connected
health experience. The combined businesses provide
appointment scheduling, afterhours call answering, insurance
pre-authorization, post-discharge follow-up and other patient
communication services, all of which enable health systems and
physician organizations to improve patient service and operational
efficiency.
Connect America's innovative products and services have been
trusted to protect the health, safety and security of millions of
seniors and their caregivers through a broad suite of connected
health solutions including medical alarms, remote patient
monitoring and medication management solutions.
Headquartered in greater Philadelphia,
PA with regional offices nationwide, Connect America's
solutions are sold direct-to-consumer and through a network of over
1,000 healthcare providers. Connect America's mission is to
ensure that all of its subscribers reap the vital and, at times,
life saving benefits of living in a connected world.
Connect America acquired its PAS division as a part of its
larger acquisition of Tunstall Healthcare Group's US business in
January 2019.
"We acquired the entire Tunstall Americas company for the
accretive value of its PERS business," said David Cautin, CEO of Connect America.
"When we decided to spin off the PAS division, Mirus was the clear
choice to represent us given their transaction advisory expertise,
negotiating acumen, and knowledge of the industry and our
business. We are thrilled with the outcome and highly
recommend Andy Crain and his Mirus
colleagues."
"It was a pleasure to work with Connect America on this
follow-on sale," said Mirus partner Andrew
Crain. "We were honored when they selected Mirus after
being across the table from us in the first transaction, and we are
delighted to have delivered a great outcome for Connect America and
Rockbridge Growth Equity."
Rockbridge Growth Equity is the lead investor for Connect
America and supported its acquisition of Tunstall Americas in
January 2019.
About Mirus Capital Advisors
Successful business owners have turned to Mirus Capital Advisors
for more than 30 years to help them realize their ultimate
accomplishment – the sale of their business. As a mid-market
investment bank focused on mergers and acquisitions, Mirus drives
successful deals for companies in the healthcare, business
services, industrial, consumer, and technology industries.
Mirus has proven time and again that its deep industry expertise,
focus on relationships, thorough preparation and unwavering
commitment to every deal lead to meaningful accomplishments for
business owners. For more, visit www.merger.com.
Our affiliate Mirus Securities, Inc. is a registered
broker-dealer and FINRA member.
Contact: Ami Doyle,
doyle@merger.com, 781-418-5900
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SOURCE Mirus Capital Advisors, Inc.