Arizona-based billing firm PracticeMax has acquired American Billing Services (ABS) for an undisclosed sum, the former announced earlier this week.
PracticeMax has contracts with more than 4,900 providers in 32 states, and processes about $700 million in charges annually. ABS, based in Portland, Ore., provides billing services to hospitals and physicians primarily in the northwestern United States, a region that PracticeMax has not yet fully penetrated.
"Since the company's inception, we have been committed to recommending customized solutions for our customers. The synergy created by this acquisition enhances our ability to offer these solutions to an even broader base of providers," said PracticeMax CEO Bill Carns in a statement.
ABS Founder and CEO Sara Nofziger will remain with the merged company, Carns added.
The company has been on an acquisition spree as of late, acquiring Medinomics and MedPhase within the past year.
For more information:
- read the PracticeMax press release