Press Releases

Cobalt Ventures Acquires MEDVAL

NASHVILLE, Tennessee (April 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the asset sale of MEDVAL, LLC (MEDVAL), an innovative provider of industry-leading Medicare Secondary Payer (MSP) compliance services to the workers’ compensation and liability insurance markets, to Cobalt Ventures, LLC (Cobalt), the for-profit holding company of Blue Cross and Blue Shield of Kansas City that offers a comprehensive range of products to easily and cost-effectively address the needs of employers and employees. Financial terms were not disclosed.
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Quantros Acquires Comparion Medical Analytics

NASHVILLE, Tennessee (March 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Comparion Medical Analytics, Inc. (CMA), one of the nation’s largest privately-held healthcare information services companies, to Quantros, Inc. (Quantros), the healthcare industry’s leading provider of enterprise safety risk management, quality management, and reporting solutions. Financial terms were not disclosed.
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ExamWorks Group Acquires Advanced Medical Reviews

NASHVILLE, Tennessee (January 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Advanced Medical Reviews, Inc. (AMR), a national peer review provider based in Santa Monica, California that serves the group health, workers’ compensation, pharmacy benefit management, and healthcare provider markets, to ExamWorks Group, Inc. (ExamWorks), a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance services, case management services, and other related services. The transaction was completed at an all cash purchase price of $30 million and additionally includes an earnout for up to $9.8 million of cash payments based on revenue to be generated from a new client over a 24-month period.
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Bailey Southwell & Co. Partner Appointed to LaunchTN Board of Directors

NASHVILLE, Tennessee (December 2015) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the appointment of Jack Bailey by Tennessee Governor Bill Haslam to the Launch Tennessee (LaunchTN) Board of Directors. Mr. Bailey succeeds Nashville Entrepreneur Center CEO Stuart McWhorter. LaunchTN is a public-private partnership focused on supporting the creation and development of entrepreneurship throughout Tennessee.
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GENEX Services Acquires Integrated Care Management

NASHVILLE, Tennessee (June 2015) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the asset sale of Integrated Care Management (ICM), a leading case management company that serves the workers’ compensation and disability insurance markets, to GENEX Services, LLC. (GENEX), the nation’s largest provider of workers’ compensation clinical services. Financial terms were not disclosed.
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Amzak Capital Management Acquires Assurance Operations Corporation

NASHVILLE, Tennessee (June 2015) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Assurance Operations Corporation (AOC), a leading full service engineering and manufacturing solutions firm, to Amzak Capital Management, LLC (Amzak), a highly successful asset manager and private investment firm with holdings in a broad range of industries. Financial terms were not disclosed.
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HealthStream Acquires HealthLine Systems

NASHVILLE, Tennessee (March 2015) — Bailey Southwell & Co., LLC (BSC) is proud to announce that HealthStream, Inc. (NASDAQ: HSTM), a leading provider of workforce development and research/patient experience solutions for the healthcare industry, has acquired HealthLine Systems, Inc. (HLS), a privately owned provider of products for credentialing, privileging, quality management, and contact center optimization. The transaction, with a purchase price of approximately $88 million in cash, closed on March 16, 2015.
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GENEX Services Acquires M Hayes

NASHVILLE, Tennessee (November 2014) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the asset sale of M Hayes & Associates, LLC (M Hayes), a leading case management firm for workers’ compensation and disability insurance markets, to GENEX Services, LLC (GENEX), one of the nation’s largest providers of managed care services. Financial terms were not disclosed.
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Premiere Credit of North America Acquires Payment America Systems 

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.
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