Medclr, Glen Falls, N.Y., signed a letter of intent to buy the accounts receivable of ambulance company American Medical Response, valued at $500 million, in what may be the largest purchase ever of medical bad debt. The transaction, expected to close within a week, will consolidate AMR's receivables, which are currently handled by about 30 collection agencies, said Medclr spokesman Algis Penkiunas said. Medclr, which is part of Marlin Integrated Capital Holding Corp., also contracts with physician companies. AMR is based in Greenwood Village, Colo. -- by Mary Chris Jaklevic
Bad debt sale may be largest ever in healthcare
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