Healthcare Collection Firm MedAssist, Inc. Acquires Capstone Solutions LLC

MedAssist, Incorporated, a leading provider of outsourced patient eligibility, accounts receivable management, and collections services to hospitals throughout the United States, announced today that it has acquired Capstone Solutions, LLC, a provider of healthcare revenue cycle outsourcing solutions. The Capstone acquisition will complement MedAssist’s core service delivery while opening several new lines of business that will expand MedAssist’s strategic commitment to its clients.

Capstone Solutions, based in Nashville, specializes in operational and strategic consulting services that improve the efficiency and financial performance of its clients. Capstone’s suite of services include business office operational assessments, process improvement implementation, business intelligence and database applications, and customized A/R reporting technology for a broad range of healthcare providers. For more information on Capstone, please visit http://www.capstonesolutionsllc.com .

“The Capstone acquisition will further enhance the value we bring to our current and future customers and significantly strengthen the comprehensive nature of the services we provide,” commented Michael A. Shea, Chief Executive Officer and Founder of MedAssist. “Capstone’s extensive experience in the design and implementation of powerful analytical reporting tools provides hospitals with immediate answers to business-critical questions about the effectiveness of their operations.”

Brenda Smith, President and CEO of Capstone Solutions, commented that, “The entire Capstone team is delighted to join MedAssist. We believe that our shared focus and extensive experience will allow us to provide our clients with unprecedented tools and services to address healthcare industry challenges.” With the completion of the transaction, Ms. Smith will assume the role of President of MedAssist’s Capstone Division.

MedAssist was advised on this transaction by RoundTable Healthcare Partners, the Company’s majority shareholder.