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Barings Agents Investment Financing for Riverside Partners

February 28, 2017, 07:00 AM
Filed Under: Healthcare

Barings, a leading asset management firm, announced that it served as lead agent and provided senior credit facilities to support Riverside Partners’ majority equity investment in Medical Reimbursements of America (MRA).

Founded in 1999 and based in Franklin, Tennessee, MRA is a recognized leader in providing specialty reimbursement services that identify and recover additional revenue for hospitals and health systems nationwide. MRA leverages proprietary technology to help healthcare providers resolve complex automobile and worker’s compensation accident claims and ensure full and accurate payment of Medicare and Managed Care claims.

“Riverside Partners is pleased to partner with Barings on our investment in MRA,” said Max Osofsky, general partner at Riverside Partners. “The team provided outstanding support by demonstrating that it understood our needs and had the flexibility and responsiveness required to craft a timely solution.”

“Barings appreciates the opportunity to work together with Riverside for the second time in less than a year,” said Brady Sutton, managing director at Barings. “We believe this investment intersects perfectly with Riverside’s expertise in healthcare and technology, and we look forward to working with the Riverside team to support the company’s growth.”

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