The acquisition of the Ohio-based collection agency will help grow Wakefield’s reach in the Great Lakes region and provide services to a wide scope of health care clients.
10/21/2022 1:20 P.M.
1.5 minute read
Wakefield & Associates, an ACA International member company based in Aurora, Colorado, recently announced it has acquired Choice Recovery Inc., an Ohio-based, nationally recognized collections provider.
The acquisition will further grow Wakefield’s geographical presence in the Great Lakes region and enhance its ability to provide a full suite of revenue cycle management services to a wide scope of health care industry clients.
As part of this acquisition, Choice Recovery will add more than 90 employees, further expanding Wakefield’s operations and bolstering the company’s expertise and capabilities within the health care financial services industry.
“The Choice Recovery team is highly skilled and talented, making them a great addition to our growing Wakefield family,” said Matt Laws, president and CEO of Wakefield. “With our business experiencing record growth, the acquisition boosts our ability to rapidly expand our team to meet the growing demands of existing and new clients as we continue to offer best-in-class revenue cycle solutions to health care providers across the country at speed and scale.”
Wakefield has been searching for growth opportunities in priority markets across the country, and Choice Recovery stood out as an appealing acquisition with a like-minded business focused on a consumer-centric collection approach and deep relationships with key health care provider partners.
“We determined that this is a compelling transaction for all of Wakefield’s stakeholders and a smart strategic move considering today’s rapidly changing competitive landscape,” Laws said. “Given accelerated industry consolidation, bringing Wakefield and Choice Recovery together provides beneficial scale for our clients.”
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