West Asset Management Announces Purchase of Health Care Receivables Portfolio and New Cash Acceleration Program

West Asset Management, a wholly-owned subsidiary of West Corporation, announces the completion of a purchase transaction of distressed health care receivables. Additionally, West Asset Management introduces the Cash Acceleration Program to help the healthcare industry minimize losses from distressed accounts receivable and meet cash flow objectives while still retaining control of the accounts.

“Debt sales within the healthcare industry has been difficult to outsource in the past because of a lack of control regarding the accounts,” said Jim Richards, President of West Asset Management. “But now the Cash Acceleration Program gives Healthcare organizations the ability to sell the servicing rights to portfolios for immediate return and still maintain control of their accounts.”

The Cash Acceleration Program is flexibly designed for each client’s needs, but includes options such as:

• Forward Flow – Providing ongoing monthly or quarterly portfolio purchases over time;
• Information Sharing – Providing open sharing of portfolio liquidation results;
• Upside Share – A partnership/sharing model to meet specific recovery objectives.

The recently purchased healthcare portfolio will be serviced out of the growing 550-seat call center in Sherman, Texas which is dedicated to exclusively serve healthcare clients.

Additional information about portfolio purchasing and the Cash Acceleration Program is available by calling 1-800-841-9000 or visiting www.westassetmanagement.com.