NASHVILLE, Tennessee (October 2014) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of certain assets of Payment America Systems, Inc. (PAS), a privately-held leader in providing contingent collections and accounts receivable management services, to Premiere Credit of North America, LLC (Premiere Credit), one of the nation’s leading accounts receivable management firms with more than $16 billion of active inventory. BSC acted as the exclusive financial advisor to PAS.
Payment America, brings an over 50-year history of developing and servicing its impressive healthcare client base to the Premiere Credit team. Through this asset acquisition, Premiere Credit gains a significant position in the growing healthcare receivables management space.
“This transaction presented a number of unique challenges,” noted Phil Christianson, CEO of Payment America. “We simply would not have closed this transaction without Bailey Southwell’s creativity and ceaseless effort. We look forward to working with them again.”
About Bailey Southwell & Co.
Bailey Southwell & Co., LLC, founded in 2005, is a privately held investment bank with offices in Nashville, Tennessee and St. Louis, Missouri. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.
About Payment America Systems, Inc.
Payment America brings state of the art technology and a proprietary patient classification approach to receivables management and provides the trained, professional manpower to drive solutions. Its personalized service is second to none in the industry. For more information, visit www.paymentamerica.com or call 800-264-9200.
About Premiere Credit of North America, LLC
Premiere Credit is a trusted accounts receivable management partner managing more than three million accounts valued at $16 billion for a variety of asset class creditors. With more than 700 associates nationwide, Premiere Credit operates in a culture built on practices that are ethical, results-driven, security-focused and compliant. Premiere Credit is headquartered in Indianapolis, Ind. For more information, visit www.premierecredit.com or call 866-808-7118.