On April 30th, DuvaSawko|abeo announced the transformative merger with Gottlieb, a multi-vertical provider to emergency medicine, hospitalist, observation and urgent care practices. DuvaSawko recently acquired abeo in December 2020 to increase their suite of RCM and practice management services. With the new DuvaSawko|abeo merger with Gottlieb, the group is taking another important step in its journey to provide industry-leading RCM services across key healthcare verticals in the United States.
Michael O’Boyle, DuvaSawko|abeo CEO, will serve as CEO of the combined entity. Management of both DuvaSawko|abeo and Gottlieb will be retained and will be meaningful shareholders in the combined company.
As leaders in our respective sectors, this transformational partnership between DuvaSawko|abeo and Gottlieb brings a new breadth of service, depth of experience, and expanded resources to our clients who share commonality as hospital-based specialties.
What does that mean for our clients?
Clients will continue to be served by the same team upon which you’ve come to rely and trust. Our commitment to your satisfaction is and will continue to be unwavering.
About the Private Equity Sponsors
Varsity Healthcare Partners is a middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies. Varsity has been successful in developing and executing a tailored value creation plan, in partnership with the leadership of each company, that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition growth strategy. Varsity draws upon its extensive healthcare industry experience and relationships, as well as its hands-on partnership approach to effectively drive growth and maximize value. For more information please visit: www.varsityhealthcarepartners.com.
About DuvaSawko
Headquartered in Ormond Beach, Florida, DuvaSawko is a leading provider of revenue cycle management services for independent and hospital-employed emergency physician groups. DuvaSawko processes over four million annual emergency room visits across 120 medical facilities in 19 states leveraging its highly automated proprietary billing platform and extensive customer service infrastructure. Founded in 1998 by Dr. Charles Duva and Dr. William Sawko and supported by a workforce of approximately 360 employees, the Company’s RCM solutions optimize collections per patient visit, while reducing errors, increasing productivity, and driving efficiencies end-to-end across all billing and collections functions for emergency medicine customers. For more information, visit https://www.duvasawko.com/.
About Abeo Management Corporation, LLC
Based in Dallas, TX, abeo provides comprehensive revenue cycle services and practice management solutions for over 350 hospital-based and independent anesthesia practices. The Company marries end-to-end RCM capabilities and proprietary technology solutions with extensive practice management capabilities, so as to optimize collections/workflow, compliance and practice efficiencies for clients across 42 states nationwide. abeo’s anesthesia RCM platform and service infrastructure support client billing and collections processing associated with more than three million anesthesia cases annually, while the Company’s advisory services and technology products assist abeo’s clients with driving enterprise-wide efficiencies. For more information, visit abeo.com.
About Gottlieb
Gottlieb is an industry leader in end-to-end Revenue Cycle Management and Practice Optimization solutions for hospital and independent physician groups, specializing in Emergency Medicine and Hospitalist practices. Privately held since 1978, Gottlieb helps their clients navigate the complex healthcare landscape by designing innovative and technology-enables services that simplify and improve the financial experience for healthcare providers and patients.