11/02/2022
Citizens Advises UHS on its Partnership with Reynolda Equity Partners
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Unified Health Services on its strategic growth investment from Reynolda Equity Partners, a private equity firm exclusively focused on supporting the capital needs of private, growth-oriented companies across the U.S. UHS is a provider of end-to-end revenue cycle management solutions for workers’ compensation claims, serving a diverse array of clients, including hospitals and health systems, medical groups, surgery centers and urgent care/occupational health centers.
President and CFO of UHS Michael Reece said: "We greatly appreciate the efforts made by the entire Citizens team in bringing about a successful outcome. Their knowledge of the revenue cycle management and complex claims landscape, patience and perseverance in aligning with our collective goals and expertise in executing transactions in the space helped us find the perfect partner to continue and accelerate our success.”
“We're proud to have acted as a trusted strategic advisor to UHS on their partnership with REP, which will support and accelerate the company's next phase of growth,” said Citizens Managing Director Justin Bentley. “Michael, Joe, Don and their team have built UHS into a best-in-class RCM solutions provider with a reputation for deep workers’ comp expertise and outstanding client service. The partnership with REP, which has decades of experience growing founder-led businesses, will help UHS drive continued success while better serving their clients.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 150 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $224.7 billion in assets as of September 30, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,200 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
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