Navigation Links
Charterhouse Group Partners with MTS Health Investors and Highlander Partners to Acquire Chamberlin Edmonds & Associates, Inc., a Leading Provider of Eligibility Services to Hospitals
Date:6/5/2008

NEW YORK, June 5 /PRNewswire/ -- Charterhouse Group, Inc. ("Charterhouse") a New York-based private equity firm that has backed entrepreneurs and supported growing middle-market companies since 1973, announced today that it has partnered with Highlander Partners ("Highlander") and MTS Health Investors ("MTS") to complete the acquisition of Chamberlin Edmonds & Associates, Inc. ("CEA" or the "Company"), the market leader in providing specialized eligibility determination services to America's hospitals.

CEA guides uninsured patients through complex application processes to secure government and community reimbursement for uncompensated medical care expenses. Specializing in federal and state disability programs, the Company primarily serves acute care hospital customers. Using an on-site, patient- centric approach supported by application resolution centers, CEA manages the entire eligibility determination process from initial patient referral through the post-application resolution process. Founded in 1986, the Company currently has contracts in 27 states and works claims nationwide through its regional network of resolution centers.

T. Ulrich Brechbuhl, Chief Executive Officer of CEA, stated, "Charterhouse is a firm with substantial experience in partnering with management teams of leading services companies. With the capital resources and industry knowledge from Charterhouse, Highlander and MTS, we are now positioned to generate substantial organic growth, expand our service offerings and pursue strategic acquisitions."

C. Taylor Cole, Jr., Partner at Charterhouse, stated, "Led by Ulrich and his exceptional management team, CEA provides tremendous value to its hospital customers. Without CEA's services, many hospitals would forego much needed financial resources that help sustain their ability to provide critical healthcare services to communities across the country. We are quite excited to help CEA continue its impressive growth, and we look forward to working with Highlander and MTS who both have significant knowledge and relationships that are highly strategic to CEA."

Founder Judith Starkey, Mr. Brechbuhl and Executive Vice Presidents Kirk Reid and Brian Sadler continue as significant shareholders in the Company.

Charterhouse Operating Partner, Christopher J. Garcia will serve as Chairman of the Board of Directors of CEA. Mr. Garcia has extensive experience in building and leading healthcare and business services companies. He previously founded and built National Healthcare Resources, which was sold in 2001. Since joining Charterhouse in 2003, Mr. Garcia has served as Chairman of three Charterhouse portfolio companies, Lason, Inc., a business process outsourcing company which was successfully sold in 2007, Camelot, Inc., a behavioral health and alternative education services provider and Upstream Rehabilitation, Inc., an outpatient rehabilitation services provider.

Proskauer Rose LLP served as legal advisor to Charterhouse on this transaction.

GE Healthcare Financial Services served as Arranger and Administrative Agent and with CIT Healthcare provided the senior financing for the acquisition.

Robert W. Baird and Co. acted as exclusive financial advisor to the selling shareholders of CEA on this transaction.

About Chamberlin Edmonds:

Headquartered in Atlanta, Georgia, Chamberlin Edmonds and Associates, Inc. serves as patient advocates and provides comprehensive eligibility determination services for hospitals, governments and managed care organizations nationwide. The Company currently provides contracted eligibility determination services to over 160 customers in 27 states and guides patients through complex application processes to secure government and community reimbursement for uncompensated medical care expenses. Chamberlin Edmonds has over 20 years of healthcare experience, with six regional offices in the U.S. and more than 650 employees.

For more information on CEA, please visit http://www.chamberlinedmonds.com.

About Charterhouse Group:

Charterhouse Group, Inc. is a private equity firm with over three decades of experience in building leading middle-market companies. Established in 1973, Charterhouse has invested in excess of $2.0 billion in equity and established over 100 platform companies with a focus in the Healthcare Services, Business Services and Consumer Products and Services sectors.

For more information on Charterhouse, please visit http://www.charterhousegroup.com.

About Highlander:

Highlander Partners, L.P. is an investment firm based in Dallas, Texas that manages assets across a variety of investment types with a significant portion of its funds allocated for direct private equity investments. Highlander Partners primarily focuses on healthcare investments, but also has expertise in basic manufacturing, performance chemicals, food ingredients and other sectors.

About MTS:

MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes equity investments in the buyout, recapitalization or growth financing of healthcare operating companies. MTS focuses on businesses that operate in certain services sectors of healthcare including managed care/health insurance, providers of healthcare services, distributors of medical products and providers of outsourced services to the healthcare industry. The firm also invests in manufacturers of low-technology medical products.

For further information on MTS, please visit http://www.mtshealthinvestors.com


'/>"/>
SOURCE Charterhouse Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Broad-based group of physicians calls for improvement in stroke treatment
2. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
3. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
4. HIDA Calls for Scrutiny of Group Purchasing Organization Distributor Fee Structure
5. New Research Uncovers how to Build and Maintain an Effective Competitive Intelligence Group
6. AMERIGROUP to Acquire Memphis Health Plan
7. Securians Minnesota Life Continues to Climb Group Life Rankings
8. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
9. Are Bargaining Groups Hired by Independent Drugstores Causing Payment Delays to Pharmacies?
10. Group B Strep: A Threat to Newborns That Doesnt Have to Be
11. Cynosure to Present at the Maxim Group Growth Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... , ... Pixel Film Studios Released ProSlice Levels, a Media Slicing Effect ... a whole new perspective by using the title layers in ProSlice Levels to ... ProSlice Levels contains over 30 Different presets to choose from. FCPX users ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American Institutes ... Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , ... advance care planning, healthcare costs and patient and family engagement. , AIR researchers ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , ... Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. , ... our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of ... of the latter, setting the bar too high can result in disappointment, perhaps even ... progress toward their goal. , Research from PsychTests.com reveals that behind ...
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was ... his family verbally and physically. , “When something upset him, he couldn’t control his emotions,” ... He would throw rocks at my other children and say he was going to kill ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... -- Research and Markets has announced the addition ... - Forecast to 2022" report to their offering. ... to date financial data derived from varied research sources to ... potential impact on the market during the next five years, ... of sub markets, regional and country level analysis. The report ...
(Date:6/23/2016)... 2016 Research and Markets has announced ... report to their offering. ... a favourable commercial environment for MedImmune to enter. The US ... will serve to drive considerable growth for effective anti-influenza medications. ... cap sales considerably, but development is still in its infancy. ...
(Date:6/23/2016)... 2016 , , , WHEN: ... 2016 , , , , LOCATION: , , , Online, ... , , EXPERT PANELISTS:  , , , Frost & Sullivan,s Global ... Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, Program Manager ... pharmaceutical industry is witnessing an exceptional era. Several new demand spaces, ...
Breaking Medicine Technology: