Syncordia Technologies and Healthcare Solutions (Syncordia) has acquired Health Services Integration (HSI), which utilizes proprietary technology to improve claim workflow, production management, and actionable data transparency.
HSI developed leading edge medical billing technology to enable a highly efficient billing process. The company’s technology automates and speeds up claims processing and provides analytics for deeper insight to fine tune the revenue cycle management (RCM).
National Bank Financial acted as lead agent in connection with the private placement of series B preferred shares for the acquisition of HSI. Debt financing for the transaction was led by Deans Knight Capital Management, with Armentum Partners acting as a debt advisor. Origin Merchant Partners acted as financial advisor to Syncordia for the acquisition of HSI.