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Fi-Med Management, Inc. Acquires California and Utah-based Mediplete, Looks Ahead to Another Year of Growth
Date:1/30/2008

WAUWATOSA, Wis., Jan. 30 /PRNewswire/ -- Wisconsin-based Fi-Med Management, Inc. announced last week the acquisition of Mediplete, a growing medical billing firm with offices in Utah and southern California.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080130/AQW173)

The acquisition, completed on Dec. 28, 2007, comes at the confluence of two goals: for Mediplete, the need to bring new, more efficient technologies on board for their clients in an IT-savvy environment, and for Fi-Med, the desire to expand its presence into the western U.S.

"It was a natural for the two companies to merge," says Fi-Med President Adrian Velasquez. "Fi-Med had proven technology with proven results. Mediplete was able to bring more value to their clients without having to increase the cost to the client."

Fi-Med has welcomed aboard all existing Mediplete employees, including the company's owners and management team. Mediplete clients, many of them surgical centers and anesthesia groups, will continue to receive the same top-notch services they received before the acquisition, with the addition of Fi-Med's repertoire of financial medical management services and cutting-edge technology. Fi-Med's current clients will benefit from the additional knowledge and expertise of Mediplete's contracting and coding specialists.

Fi-Med Management Inc., founded in 1993, provides billing, receivables management, lockbox services, collections, credentialing services and other financial management and reporting services to independent physicians, labs and medical centers across the country. Fi-Med's unique combination of technology and expertise has helped increase cash flow and reduce compliance risk for its clients, and its success has earned Fi-Med local and national recognition and numerous business growth awards.


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SOURCE Fi-Med Management, Inc.
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