MedData Agrees to Acquire Leading Revenue Cycle Management Company
Founded in 1996, Cardon Outreach provides services and technology solutions focused on helping hospitals and healthcare systems lower costs, reduce operating and capital expenses, recover revenue, and increase productivity. The company provides specialized eligibility assistance, accounts receivable recovery services, third party liability, workers’ compensation, social security disability, denials management and appeals, and patient financing/early out programs to more than 800 hospitals and other healthcare facilities in 46 states.
“Cardon Outreach is a clear market leader of revenue-cycle management
“This transaction is yet another important step forward in the strategic
development of our integrated management services capability,” said
After the deal closes, the combined companies will have nearly 2,000 employees. Each entity will retain its brand and all current facilities will remain in place as they are today.
“Joining with MedData gives us the opportunity to deliver even more
value to our hospital partners who trust us to manage their revenue
The transaction is subject to customary closing conditions, including regulatory approvals and is expected to close within the next 30 days.
The purchase consideration for the transaction was
For more than 35 years, the company has been providing innovative
services and technologies to the medical community and serving millions
of patients across numerous medical specialties. MedData currently
serves more than 5,000 physicians at a growing network of 1,000+
facilities nationwide from its headquarters in
About Cardon Outreach
Cardon Outreach is a leading, national provider of revenue cycle management services with over 20 years of progressive experience. The company serves more than 800 hospitals and other healthcare facilities through its integrated service lines, single technology platform, and patient-centered advocacy. Clients of Cardon Outreach consistently realize increased net patient revenue and reduced bad debt, while their patients experience improved access to healthcare. To learn more about how Cardon Outreach partners with providers on Eligibility, Early Out, Third Party Liability, Social Security Disability, Workers' Compensation and Denials Management, please visit Cardon Outreach.
Sean Biehle, 616-464-9538