Aquiline Capital Partners backs National Medical
National Medical Billing Services (NMBS) , a healthcare revenue cycle management company serving the ambulatory surgery center (“ASC”) market, announced it has entered into a partnership with Aquiline Capital Partners , a private investment firm based in New York focused on investing in technology, analytics and business development.
Founded in 2003, National Medical provides revenue cycle outsourcing services to ambulatory surgery centers across the nation.
“At National Medical, we have always prided ourselves on creating significant financial value for our clients, and we recognize that the ASC market is rapidly evolving and growing because of high acuity procedures migrating to the ASC setting. Given this significant shift in the market, we are thrilled to be partnering with Aquiline because of its experience across healthcare, insurance and technology. Aquiline is the ideal partner to help us accelerate our key growth initiatives, and I look forward to working with them as we chart the next stage in our evolution.” – Nader Samii, CEO of National Medical.
“The team at National Medical has built an impressive business that serves as a trusted advisor helping their clients navigate the increasing complexity of the healthcare system. We are excited to partner with National Medical, where we can employ our experience at the intersection of healthcare and insurance to help the Company continue innovating to further enhance and expand its business and operations.” – Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners.
Cain Brothers, a division of KeyBanc Capital Markets, served as the exclusive financial advisor to National Medical for this transaction and Neal, Gerber & Eisenberg served as legal counsel to the Company. Ropes & Gray LLP served as legal counsel to Aquiline.