Longshore Capital and Revco Solutions Acquire ARMC Financial Services

Revco Solutions is pleased to announce the acquisition of ARMC Financial Services, a healthcare
revenue cycle management company that specializes in insurance denial management - helping
hospitals collect revenue that is improperly denied by insurance carriers.

Durham, NC, March 31, 2021 --(PR.com)-- Longshore Capital Partners (“Longshore”) and its portfolio
company, Revco Solutions (“Revco”), are pleased to announce the acquisition of ARMC Financial
Services (“ARMC”). Based in Oradell, NJ, ARMC is a healthcare revenue cycle management company
that specializes in denials management, helping hospitals collect revenue that is improperly denied by
insurance carriers. The acquisition of ARMC provides Revco with broader geographic coverage and an
additional service to offer its healthcare clients. In conjunction with Revco’s early out self-pay AR
management services as well as primary and secondary bad debt collections, the ability to now offer an
insurance denial management solution positions Revco as a full-service healthcare revenue cycle
management organization.

Revco’s CEO, Geoff Miller, commented, “ARMC’s denials management expertise allows Revco to enter
a highly attractive niche of the revenue cycle to better serve its existing clients who have a need for these
capabilities. We are excited to welcome the ARMC team into the Revco family.”

Ryan Anthony, Partner at Longshore, added, “The acquisition of ARMC represents an important step
toward achieving Revco’s strategic goal of broadening its service portfolio across the revenue cycle
continuum.”

ARMC, located in Oradell, N.J. has been successfully recovering revenue for health systems, hospitals
and physician groups for over two decades. Their denials management solution enables healthcare
providers to effectively increase revenue owed by insurance companies that would otherwise go
uncollected as a result of improper denials.

Jack Hoban, Chief Development Officer at ARMC, said, “We felt that our denial management expertise,
processes, and systems were unique and first-rate. But to ensure our long-term viability and scale to a
national presence, we needed to find the right strategic business partner. After an exhaustive search
process, we are happy to become a subsidiary of Revco Solutions.”

If you have questions regarding this transaction or would like to discuss partnering with Revco Solutions,
please contact Geoff Miller of Revco at geoff.miller@revcosolutions.com or (919) 971-2313.

About Revco Solutions

Revco Solutions is a new name in collections that has been built on a foundation of proven solutions.
Created by the acquisition of Professional Recovery Solutions and Credit Bureau Collection Services in
2019, we bring over a century of collection experience to the healthcare industry. Our combined
organizations manage billions in placements annually from hundreds of physician practices, hospitals,

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and health systems, including several of the top-ten largest non-profit systems in the country. To learn
more visit www.RevcoSolutions.com.

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Contact Information:
Revco Solutions
Geoff Miller
919-971-2313
Contact via Email
revcosolutions.com
Media inquiries please contact The Department of Marketing, c/o Ali Smith, at asmith@thedofm.com.

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/833710

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