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Adreima Acquires Leading Eligibility Company in New Jersey

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Adreima, a leading advocate for hospitals nationwide in Medicaid eligibility and Revenue Cycle Management (RCM) Services, today announced that they have acquired Accounts Receivable Management and Data Services, Inc. (“ARMDS”), the leading provider of Medicaid and Charity Care eligibility services in the state of New Jersey. With a strong leadership team and a well-respected, long-tenured client base of approximately 40 healthcare facilities in New Jersey, New York and Pennsylvania, ARMDS provides Adreima with a significant opportunity to expand its presence in the Northeast United States through new contract growth and the cross-selling of additional service lines.

“We are excited to welcome ARMDS into the Adreima family,” said Connie Perez, Chief Executive Officer of Adreima. “ARMDS has an excellent reputation for providing high-quality service to its clients and the patients of those hospitals, strong expertise and values that align well with Adreima’s operating philosophy.”

ARMDS operates two offices in New Jersey and has more than 250 employees. Going forward, ARMDS customers will continue to receive the same level of exceptional service and will work with the same team of ARMDS employees.

“We found Adreima to be our ideal partner, providing the support to expand geographically, while giving our clients access to a broader array of service lines and our personnel significant opportunities for growth,” said Ken Reiher, President of ARMDS. “All of us at ARMDS are thrilled to join the Adreima team.”

David Neighbours, Partner at Waud Capital, commented, “Coupled with Adreima’s strong organic growth, this acquisition marks an important step in Adreima’s national expansion.” Eric Gordon, Vice President at Waud Capital, added, “Adreima looks forward to utilizing ARMDS as a catalyst to further serve hospitals in the Northeast.”

About Adreima
Headquartered in Phoenix, Adreima is a leading healthcare RCM company combining Medicaid expertise with a clinically integrated suite of patient access and reimbursement solutions, including eligibility, denials prevention/management and accounts receivable management services, to more than 100 hospital clients in 12 states across the U.S. Adreima was acquired by Waud Capital Partners in August 2008.

For additional information on Adreima, visit the Company’s website at http://www.adreima.com.

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Lisa Mathews
Adreima
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