Private equity firm Riverside Partners has purchased Medical Reimbursement of America (MRA) as healthcare providers seek to operate more efficiently and cost-effectively, driving acquisitions across the medical sector. Financial terms of the deal were not disclosed
MRA is a Franklin, Tennessee-based provider or payment reimbursement services for the healthcare and medical industry, a growing field for the hospital revenue cycle departments. The target’s technology is used to help hospitals and health systems process motor vehicle and workers’ compensation accident claims. MRA’s more than 250-member staff works to manage benefit claims and its related billing compliance process. The target operates using two flagship brands, AcciClaim and Integrity.