Chicago, Dec. 1, 2016 -- GTCR, a leading private equity firm, announced today that it has completed the acquisition of RevSpring, Inc. ("RevSpring" or the "Company"), a leading provider of multi-channel billing and communications solutions to the healthcare and financial services industries. GTCR (PRNewsFoto/GTCR)
RevSpring, headquartered in Wixom, Michigan, helps customers accelerate revenue through an end-to-end platform of offerings that includes physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools that validate consumer identities and optimize engagement. The Company serves a diversified client base of approximately 2,000 health systems & hospitals, revenue cycle management providers and financial services organizations.
GTCR will work with RevSpring's management team to pursue growth initiatives at RevSpring as well as complementary acquisitions in the multi-vertical billing and payments industries. To support this strategy, GTCR has committed up to $400 million of equity capital to the platform.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit www.gtcr.com .
Headquartered in Wixom, MI, RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 clients in the healthcare and financial services spaces. Its vertically specialized solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications, including mail, web, text, and phone. In addition, RevSpring improves the workflow, design and distribution of consumer communications to make interactions more impactful, meaningful, and effective. For more information, please visit www.revspringinc.com .
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Source: Company press release.