GSI Securitization acquired ARGYLE Solutions, which is a technology-driven healthcare revenue cycle management firm.
Aside from its strong management team, ARGYLE brings to GSI three servicing centers strategically located nationwide, a seasoned healthcare-focused contingency collection business and an experienced self-pay purchase portfolio business, according to a press release.
"The combination of the two companies creates the most experienced and innovative financial business solutions company in the healthcare industry," commented Gunther Slaton, chairman of GSI Securitization. "We now serve over 120 healthcare client facilities nationwide with 170 employees, managing more than $3 billion face value performing and non-performing healthcare receivables with a highly talented and experienced management team."
"We are pleased to have this opportunity to join GSI's 'One Firm' vision to provide real solutions to the real challenges facing the healthcare industry," said Jerry Morrison , ARGYLE's CEO. "This combination allows us to offer a full suite of innovative finance solutions to accelerate cash flow for secured insured and uninsured accounts, contingency services for all financial classes and strategic advisory services."