CHARLOTTE, N.C., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world’s leading asset management firms, announced today that it served as lead agent and provided senior credit facilities to support Riverside Partners’ majority equity investment in Medical Reimbursements of America (MRA).
Founded in 1999 and based in Franklin, Tennessee, MRA is a recognized leader in providing specialty reimbursement services that identify and recover additional revenue for hospitals and health systems nationwide. MRA leverages proprietary technology to help healthcare providers resolve complex automobile and worker’s compensation accident claims and ensure full and accurate payment of Medicare and Managed Care claims.
“Riverside Partners is pleased to partner with Barings on our investment in MRA,” said Max Osofsky, general partner at Riverside Partners. “The team provided outstanding support by demonstrating that it understood our needs and had the flexibility and responsiveness required to craft a timely solution.”
“Barings appreciates the opportunity to work together with Riverside for the second time in less than a year,” said Brady Sutton, managing director at Barings. “We believe this investment intersects perfectly with Riverside’s expertise in healthcare and technology, and we look forward to working with the Riverside team to support the company’s growth.”
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Today, Riverside Partners manages approximately $850 million of equity capital and seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.
About Barings LLC
Barings is a $271 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 1,700 employees and 600 investment professionals across 41 offices in 17 countries. Learn more at www.barings.com.
