Private equity firm GTCR recently announced that it has completed the acquisition of RevSpring, Inc. ("RevSpring" or the "Company"), a multi-channel billing and communications solutions provider for the healthcare and financial services industries.
RevSpring, headquartered in Wixom, Mich., helps customers accelerate revenue through an end-to-end platform of offerings that include physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools that validate consumer identities and optimize engagement.
The company serves a diversified client base of approximately 2,000 health systems and hospitals, revenue cycle management providers and financial services organizations.
GTCR will work with RevSpring's management team to pursue growth initiatives at RevSpring as well as complementary acquisitions in the multi-vertical billing and payments industries. To support this strategy, GTCR has committed up to $400 million of equity capital to the platform.