NEW YORK, September 29, 2015 — MTS Health Investors, LLC (“MTS”), the New York-based healthcare private equity firm, announced that funds managed by MTS have completed a strategic equity investment in Trust Healthcare Consulting Services, LLC (“TrustHCS” or the “Company”). TrustHCS is a provider of outsourced coding and health information management consulting services to U.S. hospitals, physician groups, and healthcare systems. TrustHCS’s primary services include remote medical coding, coder education, clinical documentation improvement, and coding audit and compliance services for hospitals and physician practices. MTS has partnered with TrustHCS’s existing senior management team to provide capital to support future growth and expand the Company’s capabilities. Terms of the transaction were not disclosed.
TrustHCS President, Torrey Barnhouse, who will serve as a member of TrustHCS’s Board of Directors, said “The strategic partnership with MTS will enable our growth strategy and enhance the value we deliver to our clients. MTS’s deep understanding of the industry and strong network of relationships will augment our capabilities and support us in expanding our market share.”
MTS Managing Director, Alex Buzik, said, “The TrustHCS management team has built an exceptional business. The Company is widely regarded as an industry leader in the outsourced coding space, and consistently recognized by their customers for their quality and service. We look forward to providing additional resources to assist in their continued growth.”
About Trust Healthcare Consulting Services
Trust Healthcare Consulting Services, headquartered in Springfield, Missouri, is a leading provider of outsourced coding and health information management services. The Company partners with U.S. hospitals, physician groups, and healthcare systems to provide a complete offering of revenue cycle management services. For further information, please visit www.trusthcs.com.
MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes investments in operating companies within the healthcare industry. MTS focuses on companies that deliver greater value for every dollar spent in healthcare. Industry sectors in which MTS invests include: providers of outsourced solutions to the healthcare industry; providers of direct medical services to patients in an institutional, ambulatory, or home setting; providers of managed care and other healthcare insurance services; distributors of medical products; and manufacturers of low-technology medical devices and supplies. For further information, please visit www.mtshealthinvestors.com.