SOURCE: Bell Nunnally & Martin LLP

Bell Nunnally & Martin LLP

October 30, 2014 11:24 ET

Bell Nunnally Helps Growing Revenue Cycle Company Secure $38 Million in Growth Capital Funding

Plano Company Poised to Add Jobs, Expand Operations

DALLAS, TX--(Marketwired - Oct 30, 2014) - Bell Nunnally & Martin LLP's Corporate and Securities practice advised Plano-based medical billing company MediGain, LLC in its recent $38 million financing with Prudential Capital Group and a simultaneous significant acquisition. MediGain provides revenue cycle management (RCM) and analytics to health care providers, such as physicians and ambulatory surgery centers.

"MediGain is a yet another Texas success story, growing into one of the nation's most innovative RCM companies," said Ray A. Balestri, a partner at Bell Nunnally in the firm's Corporate and Securities practice. "It was a complicated transaction with participants in four time zones, and it was a pleasure working with the fast-reacting, creative entrepreneurs who lead MediGain."

MediGain's intentions for the capital infusion reportedly include both continued organic growth and several planned acquisitions of similar companies that President and CEO Greg Hackney has stated "will open up MediGain's market in the Northeast." Assuming the acquisitions are completed, its employee count will approach 1,000.

"We are excited by this ringing vote of confidence from the marketplace. Structuring a transaction such as this is complex, and our partners on the legal and financial ends were able to communicate and execute this agreement in a virtually seamless manner," said Hackney. "We feel we have positioned ourselves with the right management team and outside advisors to achieve sustained, substantial growth."

In addition to MediGain offices in seven U.S. states, the company also has operations in India and Sri Lanka.

"In today's marketplace there is a real hunger to do midsize deals. As members of the North Texas business community, we are excited to watch a rising star like MediGain and honored to serve as a trusted advisor," said James Skochdopole, managing partner of Bell Nunnally.

The Bell Nunnally team advising MediGain in its transaction with Prudential Capital Group included Balestri, Skochdopole, K. Brian Joe, Larry L. Shosid, and Nikki Hurst Gibson.

Bell Nunnally's Corporate and Securities practice advises clients on a full range of corporate, business and securities matters. Clients include domestic and foreign publicly traded companies; privately-held, family-owned and venture-backed companies; partnerships; private equity firms and other investment funds, management groups and entrepreneurs.

About Bell Nunnally & Martin LLP
With more than 50 attorneys and three decades of doing business, Bell Nunnally & Martin LLP is among the most respected business law firms in Texas. The depth of the firm's knowledge and breadth of its expertise sets Bell Nunnally apart. The firm provides a full range of services, including litigation, appellate law, commercial finance, corporate and securities, creditors' rights, bankruptcy, health law, intellectual property, labor and employment, immigration, real estate, entertainment, mergers and acquisitions, estate planning, tax and white collar criminal defense. Bell Nunnally is regularly singled out as a "Go-To" firm by America's largest companies each year in Corporate Counsel magazine. For more information, please visit www.bellnunnally.com.

About MediGain, LLC
MediGain is a leading provider of revenue cycle management (RCM) solutions and one of the fastest growing medical billing companies in the healthcare industry. The company's holistic, end-to-end product and service offerings span the entire spectrum of RCM functions, ranging from front-end services such as eligibility verification to back-end services such as accounts receivable collections. MediGain provides its service offering to over 400 clients, including independent physician groups, hospitals, and ambulatory surgery centers. For more information, visit MediGain's website at www.medigain.com

Contact Information