Riverside Partners, LLC, a Boston-based private equity firm, completed a majority equity investment in Bottom Line Systems, a Crescent Springs, Kentucky-based provider of revenue cycle management technology and related services to large hospital systems and other healthcare providers throughout the United States.
The amount of the deal was not disclosed.
The company will use the funds to to continue to expand technology, enhance service to customers and grow its client base nationally.
Powered by proprietary, custom-designed technology, BLS offers payment compliance services which recover additional reimbursement, and improves contracts and revenue cycle processes for its clients.
The company is led by Bob Stevens, CEO.