THANK YOU FOR SUBSCRIBING
In a bid to strengthen its growth strategy of investing in the healthcare revenue cycle, Kriya Capital, an investment firm headquartered in Dallas, TX has acquired the Receivable Solutions specialist Inc. (RSSI).
Kriya Capital is an investment firm, which invests in middle-market companies to create long term value for its stakeholders. The firm has holdings in healthcare, telecommunication, technology, and BPO sectors. Talking about the transaction, Karan Negi, Kriya Capital Managing Partner Says, “We are pleased to welcome RSSI to our family of companies. Occupational health care is a niche vertical encompassing a unique array of services to benefit employers and their workers.” The firm owns and operates three brands: Credence Resource Management LLC (CRM), Innoval Global Solutions LLC, and iValuate Global Technologies LLC. The firm boasts of a workforce of 2200 Full-Time Equivalent (FTE) employees, which serves its clients globally. CRM will acquire the assets of RSSI, confirms Negi. CRM is the company’s flagship receivables management enterprise. Karan also adds, “This acquisition aligns with our growth strategy of investing in health care revenue cycle management opportunities and the acquisition of other companies providing innovative solutions across the receivables management spectrum.” According to Negi, RSSI is their first acquisition to broaden scale, revenue, and visibility in the healthcare sector.
Founded in 2002, RSSI is a Mississippi based corporation which provides accounts receivable services to the business industry which includes service like asset recovery, business office staffing, payment monitoring services, and revenue cycle consulting. With a specialization in occupational health care claim processing, the company’s client base also includes judicial, retail, banking, and many other sectors. Bruce Brice, the owner of RSSI, says, “The transaction with Kriya Capital is the next logical step in RSSI's evolution. CRM and Innoval exponentially deepen our bench, strengthen our skill sets and will provide resources to increase our footprint with clients we presently serve and new ones in the pipeline.” Bruce will stay with the company to spearhead the marketing of occupational health care solutions.