The acquisition of NHI Billing was supported by additional equity from Centauri's existing investors, with advisory services provided by law firms Choate, Hall & Stewart, LLP, Proskauer, and Weiss Brown. Scottsdale-based Radix Law represented NHI. Financial terms of the acquisition were not disclosed.
About Centauri Health Solutions
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Centauri Health Solutions is a leading provider of technology-enabled analytics and services helping health plans and institutional healthcare providers to manage their variable revenue linked to population health, quality, and eligibility factors. These efforts result directly in better-informed health care delivery, richer benefits, and reduced out-of-pocket healthcare costs for the enrollees and patients they serve. Headquartered in Scottsdale, Ariz., Centauri Health Solutions is a growing, profitable business with more than 1,000 associates, serving its clients throughout the country, with offices in Cleveland, Kansas City, Lansing, Nashville, and Orlando.
About NHI Billing Services
Founded in 1996, NHI is a full-service out-of-state Medicaid account management company providing eligibility verification, authorization notification, provider enrollment, billing, account follow-up, reporting and appeals processing for hospitals throughout the United States. Hospital clients place more than $1 billion in out-of-state Medicaid claims with NHI annually. NHI's commitment to outstanding customer service has resulted in the retention of its first 25 client hospitals since the company's inception.
About Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $1.1 billion of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The firm seeks to invest $15 million to $75 million per company. Representative investments include ActiveCampaign, Centauri Health Solutions, Digital Map Products, Impact, LifeStance Health, Nordic Consulting Partners, and Partners Surgical. The founders have over four decades of collective investing experience and have served on the boards of numerous successful growth companies including ABILITY Network, Dealer.com, Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health, SurveyMonkey, and Yapstone.
SOURCE Centauri Health Solutions
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