July 7, 2020 – New Canaan Funding (“NCF”) provided financing to support recapitalization of Revenue Management Solutions (“RMS” or the “Company”). RMS is a portfolio company of Thompson Street Capital Partners (“TSCP”). NCF provided debt and equity financing in RMS as part of this recapitalization.
RMS, headquartered in Oklahoma City, Oklahoma, is the industry-leading provider of processes that facilitate the timely matching, posting, and reconciliation of healthcare payments to underlying claims or other correspondence. RMS provides its services to leading banking partners, Enterprise Resource Planning (“ERP”) solutions providers, and directly to healthcare institutions throughout the United States. TSCP acquired RMS in January 2017.
New Canaan Funding, with offices in Naples, Florida, New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its sixth fund. The investment in RMS represents NCF’s fourteenth investment in the fund. This financing represents the second investment with TSCP.
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on founder-led middle-market businesses in the healthcare and life science services, software and technology services and business services and engineered products sectors. Founded in 2000, the firm has acquired more than 100 companies and has managed more the $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.
Contact and additional information for Thompson Street Capital Partners can be found at https://www.tscp.com.
Contact at New Canaan Funding: