ACF Medical Services, Inc. Completes Purchases of Aged Healthcare Accounts

ACF Medical Services, Inc. announced today that it has purchased multiple aged account receivable portfolios from a series of healthcare institutions covering 28 states and Puerto Rico. Collectively, the portfolios sold to ACF Medical Services have a face value approaching $100 million.

ACF Medical Services is a subsidiary of Atlantic Credit & Finance, Inc., one of the nation?s leading purchasers and managers of unsecured, consumer-distressed assets, managing in excess of $5.0 billion. Established in 1996, Atlantic Credit & Finance has been named three times by Inc. 500 as one of America?s fastest growing, privately held companies.

?Our relationships provide these healthcare institutions with a new revenue stream for assets that were previously thought to have little or no value,? said Daryl L. Deke, executive vice president and principal of ACF Medical Services. ?Nationwide, many hospitals are looking for ways to improve their revenue cycle. We provide an enhancement to the existing process which gives hospitals immediate cash that they can use in a variety of ways, including purchasing new capital equipment.?

Deke noted that a core strength of the ACF Medical Services program is its in-house staff of specially trained recovery specialists. He added that each patient is treated with care and compassion throughout the account recovery process.

?At ACF Medical Services, our commitment is to work closely with our patients, to empathize with their financial situation and to find a workable solution for them,? said Deke. ?Throughout this process, hospitals can be assured that each patient is treated with respect.?

ACF Medical Services, a subsidiary of Atlantic Credit & Finance, is a premier purchaser and manager of healthcare receivables. Headquartered in Roanoke, Va., the privately held company provides hospitals and healthcare institutions with valuable financial resources by purchasing and servicing hospital debt with care, compassion and integrity.