May 14, 2010 EOS CCA today announced the acquisition of True North AR, LLC (“True North AR”) and its subsidiaries California Service Bureau, Inc. and PACE Financial Services, Inc. True North AR is a leading provider of healthcare revenue cycle solutions, as well as provides debt collection services to county and municipal courts, government, and other businesses. True North AR has three California offices – Novato, Sacramento, and Yuba City.
“The acquisition of True North AR is part of EOS CCA’s strategic plan to grow our healthcare solutions and re-establish a geographic footprint in California,” says Paul Leary, Sr., Director for EOS CCA. Paul Leary, Jr., CEO, noted “This acquisition also provides True North AR with the leading edge resources of EOS CCA to meet the current and future needs of their clients.”
Founded in 1991, EOS CCA is a national customer care and receivable management company. The corporation is headquartered in Norwell (Boston), MA and has regional centers in Chicago, Dallas, Denver, Brockton, MA and Rochester, NY. The company is the U.S. Division of EOS Solutions, headquartered in HamburgGermany. EOS Solutions provides Receivable Management services in 22 countries World Wide, and employs over 4500 professionals. EOS CCA caters to over 2000 clients across a broad spectrum of industries including commercial, healthcare, telecommunications, education, and financial services. Its more than 850 employees provide business solutions to clients in all phases of the customer care and receivables cycle. EOS CCA also recently expanded its healthcare solutions with its AffordaCare division in Tinley Park, IL.
Manoj Sharma, CEO for True North AR noted “Our company viewed the alignment with EOS CCA as the logical next step in our strategy to be the leading ARM in California, and the surrounding states. We feel the ARM resources that we now possess will accelerate our growth and ability to continue to provide leading edge solutions to our clients .”
EOS CCA was represented by Marion Financial Corp., of Houston, Texas and utilized Marion Financial’s merger and acquisition advisory services. “We took it very seriously when EOS CCA told us that they wanted to establish a major footprint in California. We didn’t let up on our acquisition search until we were able to help them meet this strategic objective”, says Tom Edens of Marion Financial Corp.
Marion Financial Corp. is a Houston-based merger and acquisition advisory firm serving clients throughout the United States and Europe.
More Information:
Paul Leary, Jr. is CEO of EOS CCA.
CCA is headquartered at 700 Longwater Drive, 2nd Floor, Norwell, MA 02061-1674
Telephone: 1-(800)-886-9177 - Internet: www.eos-cca.com
Thomas Edens is President of Marion Financial Corp.
Marion Financial Corp. is headquartered at Nine Greenway Plaza, Suite 3131, Houston, Texas 77046
Telephone: (713) 988-8000 - Internet: www.MarionFinancial.com