Bowstring advises Aspirion Health Resources in its acquisition by Aquiline Capital Partners
June 21, 2018 | Atlanta, GA
Atlanta, GA – June 21, 2018 – Bowstring Advisors (“Bowstring”), formerly CHILDS Advisory Partners, served as the exclusive financial advisor to Aspirion Health Resources (“Aspirion” or the “Company”), a complex claims revenue cycle management firm headquartered in Columbus, GA, in its acquisition by Aquiline Capital Partners (“Aquiline”), a New York-based private equity firm investing in financial services and technology.
Founded by Charles Day in conjunction with a growth equity investment from BIP Capital in 2012, Aspirion provides outsourced reimbursement recovery services to healthcare providers nationwide for their traditionally hard-to-settle claims. The Company, utilizing expertise, process and technology, works closely with client billing staff to optimize reimbursement of time-consuming motor vehicle accident, Veterans Administration and workers’ compensation claims.
Aspirion CEO Lori Lipocky commented, “We are very grateful for the assistance and guidance provided by the Bowstring team in our search for the right partner. Their relationships across the buyer landscape and their persistent, unbiased advice enabled us to find the best outcome for all of our constituents.”
Ross DeDeyn, Managing Director for Bowstring Advisors, added, “We truly enjoyed working with the Aspirion team and look forward to following their continued and accelerated success in partnership with Aquiline. The transaction leveraged Bowstring’s deep expertise in its Healthcare Services and IT & Professional Services sectors.”
The transaction closed on May 25, 2018. Nelson Mullins Riley & Scarborough LLP served as legal counsel to Aspirion Health Resources. Ropes & Gray LLP provided legal counsel to Aquiline Capital Partners.
We are very grateful for the assistance and guidance provided by the Bowstring team in our search for the right partner. Their relationships across the buyer landscape and their persistent, unbiased advice enabled us to find the best outcome for all of our constituents.