March 1, 2021
Woodbridge International, a global mergers and acquisitions firm,
is pleased to announce the acquisition of its client, ARMC Financial Services, by Revco Solutions and Longshore Capital.
ARMC, located in Oradell, NJ is a healthcare revenue cycle management company that specializes in denials management, helping hospitals collect revenue that is improperly denied by insurance carriers. The acquisition of ARMC provides Revco with broader geographic coverage and a complementary service to offer its healthcare clients.
Revco Solutions, located in Durham, NC, is a portfolio company of Longshore Capital Partners, Chicago, IL. It is a revenue cycle management company serving hospitals, physician groups and other constituents in the healthcare community and to a limited extent, governments, utilities and retailers.
Revco’s CEO, Geoff Miller, commented, “ARMC’s denials management expertise allows Revco to enter a highly attractive niche of the revenue cycle to better serve its existing clients who have a need for these capabilities. We are excited to welcome the ARMC team into the Revco family.”
Longshore Capital Partners, based in Chicago, IL is a middle-market private equity manager investing out of its inaugural $210 million fund. The firm has extensive experience partnering with founders and management teams in the lower middle-market and executes a systematic approach to creating shareholder value through a cooperative strategic plan.