10/31/2023
Citizens Advises ACU-Serve on its Strategic Partnership with Lovell Minnick Partners
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to ACU-Serve Corp. on its majority growth investment from Lovell Minnick Partners, a private equity firm focused on investments in financial services, business services and financial technology companies. ACU-Serve is a leader in revenue cycle management for healthcare providers focused on post-acute, home-based care, including the home medical equipment, durable medical equipment and home infusion industries.
ACU-Serve Founder and Chief Executive Officer Jim Knight said: "We greatly appreciate the efforts made by Justin and the entire Citizens team in bringing about a successful outcome. Their knowledge of the RCM sector, work ethic and expert advice while navigating the M&A process helped us find the right partner to continue and accelerate our success.”
“Jim and the executive management team have built ACU-Serve into a best-in-class RCM solutions provider with a reputation for delivering outstanding value through leading technology and services,” said Citizens Managing Director Justin Bentley. “The strategic partnership with Lovell Minnick Partners, which has a long track record of successful partnerships with high growth, technology-enabled companies, will help ACU-Serve 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 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC., 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 $225.3 billion in assets as of September 30, 2023. 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 1,100 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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