New York private-equity firm Charterhouse Group said it is partnering with Highlander Partners, a private investment firm, and MTS Health Investors, a healthcare private-equity firm, to complete the acquisition of Chamberlin Edmonds & Associates, Atlanta, a provider of specialized eligibility determination services to hospitals.
The total enterprise value of the deal is more than $100 million, according to David Hoffman, a Charterhouse partner. Chamberlin Edmonds is focused on guiding uninsured patients through the complex application processes to secure reimbursement for uncompensated medical care, specializing in federal and state disability programs. Founded in 1986, the company currently has contracts with more than 160 customers in 27 states, according to a news release.
Chamberlin Edmonds founder Judith Starkey; President and Chief Executive Officer T. Ulrich Brechbuhl; Executive Vice President Kirk Reid; and Executive Vice President and Chief Financial Officer Brian Sadler continue as significant shareholders in the company, according to the release. Charterhouse operating partner Christopher Garcia will serve as board chairman. -- by Cinda Becker