Provider HealthNet Services, Addison, Texas, acquired the accounts receivable management business of Canfield & Associates, Anaheim, Calif., which serves at least 30 hospitals in Arizona, California and Nevada. Financial terms were not disclosed. All of Canfield's 165 employees will join PHNS, which offers information technology outsourcing and other financial services. David Canfield, head of Canfield, will serve as president and CEO of a new accounts receivable division at PHNS. Canfield is chairman-elect of the Healthcare Financial Management Association. -- by Mary Chris Jaklevic
Calif.-based receivables firm bought
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