Credit Bureau Systems Inc. has acquired the business of Fidelis EMS Billing LLC for undisclosed financial terms.
All servicing will be conducted by Credit Bureau Systems’ Ambulance Medical Billing (AMB) division, which provides billing and collections work to ambulance and emergency medical services. The deal is AMB’s second fiscal-year 2015 acquisition.
AMB will assume all contract and servicing responsibilities while Fidelis will help to transition client servicing.
"We’ve learned through previous acquisitions, that organizational alignment helps make the transition seamless," said Mark Edwards, president & CEO of Credit Bureau Systems.
Added Bill Harrod, executive director of AMB, "This expands our footprint to 23 states and that number is growing. We’re excited about 2016 and beyond."
Fidelis’ founder and CEO, Dian Vick, said that AMB has the scale to continue delivering "high quality service to our clients and with their similar history as a family-held and values-driven business, I knowour clients will be in the best possible hands."Credit Bureau Systems was represented by Jones, Cork & Miller LLP. Fidelis was represented by C.E. Spillman & Partners LLP.