Clearsight Advises MRA in its Acquisition by GeBBS

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce a successful transaction in its Healthcare Consulting and Human Capital Management practices. Clearsight served as the exclusive advisor to Medical Record Associates, LLC (“MRA” or the “Company”) in its acquisition by GeBBS Healthcare Solutions, Inc. (“GeBBS”), a portfolio company of ChrysCapital Advisors, LLP (“ChrysCapital”).

MRA is a health information management (HIM) solutions, auditing, and cancer registry services provider to hospitals and healthcare providers. Since its founding in 1986 outside of Boston, MRA has grown its team to over 230 US-based professionals skilled in medical coding, cancer registry, audit and compliance management, and education and training solutions to clients in over 38 states. GeBBS is a leading provider of revenue cycle management (RCM) services and risk adjustment solutions. The transaction expands the market, services, capabilities, and geographical footprints of both GeBBS and MRA, providing existing and potential clients with an integrated RCM solution offering.

Charlie Saponaro, CEO at MRA, commended the transaction, “Clearsight was an excellent partner throughout this process. The team’s industry experience and relationships were critical in helping us form a future with GeBBS, and we’re incredibly grateful for their support.”

Emily White, Vice President at Clearsight, added, “Charlie and the MRA team have built a fantastic business able to support a key component of the healthcare ecosystem through their leading medical coding and auditing solutions. Our team is honored to have helped MRA achieve their goals and chart their next step forward.”

The Clearsight deal team included Greg Treger, Emily White, Jake Lipman, and Jacob Beckner.