Medical billing services provider MedData, Inc. announced Friday the acquisition of Data Management, Inc. (DMI), a provider of physician billing services to pathologists and emergency departments.
The acquisition of Peoria, Ill.-based DMI adds pathology billing to MedData’s current billing specialties, which include emergency medicine, hospitalists and wound care.
Brecksville, Ohio-based MedData handles billing for 5.5 million patient encounters annually, representing in excess of $1.8 billion in charges.
“This acquisition affords MedData the opportunity to combine our scalable, strong, national leadership position in medical billing with DMI’s expertise in pathology billing. Our emergency medicine- and hospitalist-focused headquarters will remain in Brecksville, Ohio, while our new pathology billing office will be at DMI’s current site in Peoria, Ill.,” explained Douglas S. Thompson, MedData’s CEO in a statement about the acquisition.
“Our goal is to continue to align with companies like DMI that complement our offering and allow us to extend our presence across other chosen specialties,” added Thompson. “Most importantly, we will ensure that both our current clients as well as new ones continue to see outstanding results.”
The acquisition is expected to be fully integrated by year-end 2011.