Parallon, the Franklin, TN-based subsidiary of HCA Holdings Inc., will purchase The Outsource Group. Based in St. Louis, The Outsource Group is a healthcare revenue cycle management company that brought in $116 million in 2012 revenue.
Parallon employs over 22,000 workers and serves more than 1,400 hospitals and close to 11,000 non-acute care providers. The company works to improve the business performance of hospitals, health care systems and non-acute care providers. The new purchase enables Parallon to expand its outsourced business offerings to hospitals and health care practices and other related businesses.
Though terms were not disclosed, the deal is expected to be final in the third quarter of 2013. Read the full article on Tennessean.com.