Bolder Capital has completed the acquisition of Monti Eligibility and Denial Solutions and the Monti Group, collectively called MEDS, an outsourced provider of patient eligibility, enrolment and revenue recovery services to hospitals and health systems.
MEDS, whose customers are located in Florida, Indiana and Ohio, is the first acquisition completed by Bolder Healthcare Solutions (BHS).
BHS is led by Michael Shea who has partnered with Bolder Capital to build a specialised provider of revenue cycle management services. Shea was previously the founder and chief executive of MedAssist, which specialises in patient eligibility and other revenue cycle services. Shea led the sale of MedAssist to Firstsource Solutions where he continued to lead MedAssist and to serve as president of global healthcare solutions for Firstsource until 2010.
Shea says: "We are very pleased to be acquiring and investing in a high quality company like MEDS. The MEDS management team is working closely with me as we continue to deliver outstanding customer service while increasing our capabilities and reach. Bolder Healthcare Solutions is committed to bringing together best of breed companies, people, products and technologies across the health care revenue cycle."