Janney Montgomery Scott LLC is pleased to announce that Professional Collection, LLC, a company specializing in medical billing and collections, has sold substantially all of its assets to a leading financial recovery solutions company. Janney served as exclusive financial advisor to ProCo on this transaction, providing guidance on valuation and assessment of transaction options, leading to a successful negotiation and sale.
About Professional Collection, LLC
ProCo was established in December 1999 and has grown to become the benchmark agency specializing in self-pay healthcare revenue cycle management. ProCo services self-pay receivables for medical providers, beginning from a patient’s date of service. Services include billing, accounts receivable management, regular and delinquent account collections and co-sourcing and consulting. Composed of a group of experienced, dedicated professionals, ProCo’s management team members collectively possess over sixty years of healthcare billing and collection experience. The management team’s dedication to the healthcare industry has been critical to the company's success. The company has expanded consistently over the last twenty years while ardently maintaining high standards of client service and patient relations.
About Janney's Business Services Investment Banking Team
Janney's Business Services Investment Banking Team provides a wide range of investment banking, financial advisory and restructuring services to meet the needs of our Clients. The Team has a culture of unparalleled work ethic and impact, with over 50 transactions completed since 2009 with an aggregate deal value in excess of $1 billion. Averaging more than 20 years of experience each, our senior leadership possesses deep strategic and private equity relationships and is highly involved in the day-to-day delivery of client services.
About Janney
Established in 1832, Janney Montgomery Scott LLC is a leading full-service investment banking and financial services firm serving individual, corporate, institutional and government clients. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, one of the 15 largest mutual insurance companies in the nation, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
Janney's Investment Banking Team
Janney’s Investment Banking practice is a leader in middle-market financing solutions. We place a high value on our consistent track record of delivering solutions to our clients. Since 2009, we have completed 605 transactions aggregating $85B in transaction value. We work with clients on a highly-personalized basis, providing exceptional service, commitment and senior level attention.
