ST. LOUIS, MO January 31, 2008 – The Outsource Group (TOG), a leader in healthcare receivables management, announced today that it has acquired J.J. Mac Intyre Co., Inc., a leading provider of healthcare collections and receivables management. J.J. Mac Intyre, headquartered in Corona, CA with additional offices in Tracy, CA, serves hospitals and healthcare providers throughout the western United States. The transaction will significantly deepen TOG’s geographic reach into the important California marketplace and make available to existing J.J. Mac Intyre clients TOG’s comprehensive suite of healthcare receivables management services. Terms of the transaction were not disclosed.
“J.J. Mac Intyre is a successful provider of bad debt collection services in California and has been in business for over 50 years with more than 1,500 clients. Our combination with TOG will enable us to expand the types of services we offer to our current clients, adding new service lines such as self-pay early out, insurance follow-up and Third Party Liability collections”, said Scott Hall, J.J. Mac Intyre’s CEO.
Michael DiMarco, CEO of The Outsource Group said; “This acquisition is a continuation of our expansion strategy where we merge with great companies and partner with the owners to build a larger company with a more complete service line in geographically desirable markets. It will enable TOG to have call center facilities based in California as well as provide new services to existing J.J. Mac Intyre clients. We look forward to working closely with the entire J.J. Mac Intyre team and expanding our business in the California market.”
DiMarco indicated that TOG will continue to pursue synergistic acquisitions, as part of its plan for building the nation’s premier healthcare receivables management company.
“Our strategy is clearly working”, DiMarco said. “We finished 2007 with record revenues, achieved organic growth of 18%, and now rank among the top 3 healthcare-only collections companies in the U.S. Even more important, our clients are very pleased with our performance and are increasingly asking us to provide them with additional receivables management services.”
The Outsource Group is a privately held company, backed by ClearLight Partners, LLC, a $600 million private equity fund based in Newport Beach, California.