MedAssist, Inc. Acquires Twin Medical Transaction Services, Inc.

MedAssist Holding, Inc., 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 Twin Medical Transaction Services, Inc., an eligibility services-focused provider of healthcare revenue cycle outsourcing solutions. The financial terms of the acquisition were not disclosed.

Headquartered in Las Vegas, NV, Twin Medical was founded in 2000 by Joseph D. Cook. The company has offices in seven states, primarily in the western United States, and specializes in revenue cycle management services to the healthcare industry.

“We are extremely pleased and enthusiastic about the addition of Twin Medical to MedAssist,” said Michael A. Shea, Chief Executive Officer and founder of MedAssist. “This business combination is positive for the customers and employees of both companies, as we continue to build an industry-leading company with additional resources, geographic reach, and customer services. Twin Medical is highly complementary to MedAssist’s business and operations, and together we have the opportunity to enhance our services through our collective best demonstrated practices.”

Joseph D. Cook, Chief Executive Officer and founder of Twin Medical, commented that, “The entire Twin Medical team is delighted to join MedAssist. It was a pleasure to work with both MedAssist and RoundTable on this transaction. We are excited to work together to serve our customers and to continue to grow our company’s leadership position in the healthcare revenue cycle management industry.” With the completion of the transaction, Mr. Cook will assume the role of Division President of MedAssist, with responsibility for MedAssist’s west coast operations.

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