News | October 03, 2013

Zotec Acquires Medical Management Professionals for $200 million

Zotec Partners to purchase 100 percent of the stock of subsidiary of the publicly traded CBIZ Inc.

October 3, 2013 — Zotec Partners LLC announced that it has signed a definitive agreement to acquire 100 percent of the stock of Medical Management Professionals Inc. (MMP).

“We are excited for MMP to become a Zotec Partner,” said T. Scott Law, founder and CEO, Zotec. “We recognize that there is tremendous value in MMP’s personalized service delivery, client relationships and diversified service areas, including physician practice management and medical billing for the hospital-based specialties.”

The combined company will be one of the largest revenue cycle management services firms in the United States, specializing in radiology, anesthesiology, pathology and emergency medicine, with physician practice management services to offer clients support for payroll, accounting and other services that help them better manage their business.

“Zotec and MMP have a similar focus — to ensure client success is our first and foremost priority. The partnership of Zotec and MMP will create a stronger company overall with increasingly diversified services,” stated Darrell Hulsey, president, MMP.

William Blair & Company provided mergers and acquisitions advisory and debt capital placement services to Zotec in connection with this transaction. Falcon Capital Partners LLC advised Century Business Service Inc. (CBIZ) on the transaction.

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