ACN Healthcare acquire Rapid Care Group

New York, November 2019

Rapidcare RCM merges with ACN Healthcare

RapidCare RCM (“RAPIDCARE”) has merged its healthcare Revenue cycle management business based out of Chennai with ACN Healthcare RCM Services ("ACN HEALTHCARE").

Founded in 1999 and headquartered in Chennai, RAPIDCARE focuses on providing reliable and cost-effective solutions primarily for data transcription, medical billing, medical coding, claims processing and accounts receivable follow-up to physician groups in the US. The company has its delivery center in Chennai, India and three sales offices in the US. Certified to ISO/IEC 27001:2013 and adjudged as one of the ten most promising medical billing service providers, RAPIDCARE has traversed a long path since its inception nearly two decades ago.

ACN Healthcare is an end-to-end revenue cycle management company that provides medical billing and coding services to US-based physician practices, hospitals, and medical billing companies. The company is ISO/IEC 27001:2013, HIPAA Certified and SOC2 Type II certified and has delivery centers in Bangalore, Hyderabad, Visakhapatnam, Philippines and Costa Rica. The company also has multiple sales offices in US.

“The proposed merger of RapidCare enables existing ACN Healthcare clients to identify and close those gaps with implementation of RapidCare analytics platform, thus facilitating improved decision making,” said “Kamalraj Chandrasekaran” Executive Director & CIO of ACN Healthcare. “As ACN Healthcare continues to evolve, the solution also provides a strong foundation to unlock new areas of performance and value enablement”

Venkat Laxman Managing Director & CEO of RapidCare, also commented merger with “ACN Healthcare” for RCM Services is a major growth opportunity for both our businesses through an extended service offering for our clients. With the addition of hospital inpatient revenue cycle management capabilities that RapidCare brings, we have significantly increased the breadth of healthcare customers in our portfolio. We now have one of the most diversified set of customers in the revenue cycle space.”

Novistra Capital acted as the exclusive M&A advisor to ACN for the transaction. Novistra is a New York-based global financial services firm with offices in the US and India.

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About ACN Healthcare

ACN Healthcare was established to assist medical billing companies reduce their ongoing costs. By leveraging our domain expertise and our cost-effective onshore / offshore model, ACN Healthcare became the ideal partner. Our goal is to become the smarter choice in the healthcare business processing outsourcing (BPO) market. This will be achieved through a strategy of complete focus in healthcare only verticals as our niche market and continuing to bring value through innovative solutions.

About RapidCare

RapidCare is a technology-driven company that provides multi-pronged technology solutions to clients across the world. We specialize in transcription, medical billing and coding, medical record review, IT Services, and KPO services, among others. All our processes adhere to industry standards and we ensure meeting compliance requirements.