Business
Nexteligent Holdings, Inc. Announces Acquisition of Revenue Maximization Group
Nexteligent Holdings, Inc. Announces Acquisition of Revenue Maximization Group.
About this update from Nexteligent Holdings Inc.
[{"type":"text","content":"\nAddition Brings Financial Services Suite of Products to Complement Company’s Current Telemedicine Offering\n Client Base Expands to Include Hospital Systems, Clinics, and Doctor Networks in Addition to Long Term Care Providers LAS VEGAS, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Nexteligent Holdings, Inc. f/k/a Efftec International, Inc. (OTC:EFFI) (“Nexteligent”), an aggregator of healthcare professional services and technology firms, is pleased to announce that it has acquired the assets of Revenue Maximization Group (“RMG”), a national provider of revenue cycle  management solutions, for a combination of cash and stock.  This acquisition complements the previous acquisition in 2018 of TeleCare Partners Group by Nexteligent which launched its Telemedicine division.    TeleCare Partners Group and Revenue Maximization Group will operate under the Nexteligent umbrella as interdependent entities that will collaborate to contain costs, improve productivity, and enhance the quality of medical encounters for hospital systems, clinics, long term care institutions, and doctor groups.   “We are extremely pleased to welcome RMG’s CEO, Stuart Miller, into the Nexteligent family.  His talent as an industry leader and the suite of revenue cycle services that RMG brings to Nexteligent makes this transaction an important lever for accelerating business development and new product innovations,” noted Nexteligent Chairman and CEO, Paul Cristiano.  “With the addition of RMG, we achieve a major milestone toward fulfilling our vision to be the preeminent aggregator of specialized healthcare organizations with strong value propositions and established niche positions in their space.” Stuart Miller noted that the interdependency model that Nexteligent has created makes it highly attractive to specialists like RMG that seek new growth opportunities, access to capital, and cross selling capabilities. “I am confident that our ability to increase revenues, optimize operations, reduce costs, minimize denials, and seamlessly implement solutions from the front end to the back end of the revenue cycle chain for clients will be a major platform for new business development and product innovation,” said Mr. Miller. “Incorporating our suite of soluti...