The Outsource Group Acquires Quantum Credit Services of Texas, Inc.

The Outsource Group (TOG), a St. Louis-based healthcare accounts receivable management firm, has completed its acquisition of Quantum Credit Services of Texas, Inc. (QCS), a full-service collection agency located in Austin, Texas. QCS?s primary focus has been the healthcare services industry by providing revenue cycle solutions. QCS was represented by Marion Financial Corp., of Houston, Texas and utilized Marion Financial?s merger and acquisition advisory services. The transaction closed on May 1, 2006.

QCS was founded in 1996 by Stephen G. Lappin, who with the able and professional assistance of Donald R. Cockerham, then Director of Sales and Marketing, were successful in building numerous relationships with hospitals and other healthcare providers. Former owner Lappin said ?We are very excited about this development because we strongly believe that our employees and clients will benefit from our expanded service offerings and advanced technologies. TOG?s culture is very similar to ours and we anticipate no major changes in our operating direction or corporate philosophy.?

TOG specializes in insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States. Michael A. DiMarco, CEO of The Outsource Group, also commented ?The addition of QCS provides us with expanded capacity, a base of operations in the Texas healthcare market, and the addition of some very talented and seasoned accounts receivable management professionals. The fit between our companies is very good in terms of approach and client profiles. I look forward to working with founder Steve Lappin and Don Cockerham, now Vice-President of New Business Development, as we continue with our expansion and growth plans.?