Credit Bureau Systems Acquires Fidelis Billing
Adds to Ambulance Medical Billing Division, AMB
Virginia Beach, Virginia – Credit Bureau Systems, Inc. (CBS) has acquired the business of Fidelis EMS Billing, LLC (Fidelis). All servicing will be conducted by CBS’ Ambulance Medical Billing division (AMB), an industry leader in ambulance and emergency medical services billing and collections. It will be AMB’s second fiscal 2015 acquisition and clearly solidifies their ranking as one of the largest specialty billing servicers nationally.
“This is a step that fit with our client service-centered philosophy. AMB has the scale to continue to deliver high quality service to our clients, and with their similar history as a family-held and values-driven business, I know our clients will be in the best possible hands,” said Diane Vick, founder and CEO of Fidelis.
AMB will assume all contract and servicing responsibilities beginning 2016, while Fidelis will assist to transition client servicing. “We’ve learned through previous acquisitions, that organizational alignment helps make the transition seamless,” said Mark Edwards, President & CEO of CBS. “This expands our footprint to 23 states and that number is growing. We’re excited about 2016 and beyond,” added Bill Harrod, Executive Director of AMB.
Terms of the transaction were not disclosed. CBS was represented by Jones, Cork & Miller LLP, while Fidelis was represented by C.E. Spillman & Partners, LLP.
About Credit Bureau Systems, Inc. – founded in 1952, CBS has continually operated as an accounts receivables management (ARM) and business process outsource (BPO) company for 63 years. We manage several market facing operating divisions that provide customer-oriented billing, collection, and credit-related services that positively impact the financial well-being of our clients and consumers they serve. To learn more visit: www.Credit-Bureau.com
About Ambulance Medical Billing – formed in 2005, AMB is a full service billing and revenue cycle management (RCM) specializing in public, private and not-for-profit providers of emergency and non-emergency medical transportation services. Our mission is provide personal attention and fully compliant operational processes designed to enhance performance and revenues of the clients we serve. To learn more visit: www.AmbulanceRevenue.com
About Fidelis EMS Billing, LLC – founded in 1996, Fidelis is a pioneer of billing and revenue cycle management (RCM) services for emergency and non-emergency medical transportation and fire services. For nearly 20 years we have offered clients a completely customized end-to-end RCM solution. To learn more visit: www.FidelisBilling.com
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