EnableComp, LLC is Recapitalized by Primus Capital Funds
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to EnableComp, LLC (“EnableComp” or the “Company”) in its recently completed recapitalization led by Primus Capital Funds (“Primus”).
Headquartered in Franklin, Tennessee, EnableComp is a healthcare technology-enabled services company that partners with healthcare providers to maximize reimbursement from workers’ compensation payers. Serving over 600 hospitals across the country, EnableComp facilitates and simplifies the complex world of the workers’ compensation process through its proprietary industry-leading platform, Enforcer. EnableComp delivers an array of solutions from full day-one outsourcing to collecting on zero balance claims that have been underpaid. Since 2001, EnableComp has processed more than $10 billion in work comp claims for its clients. The Company has experienced significant and rapid growth in its unique revenue cycle management niche.
“We could not have found a better partner than Primus,” said Jim Lackey, current EnableComp Chairman and CEO, who will remain as Chairman. “Primus was one of our key investors when I was at Passport, and I know first-hand the value and experience they will bring to our team. BCA, our exclusive investment banking advisor, played a critical role in positioning the forward-looking financial outlook associated with several recently signed large contracts and conducting a highly competitive process that maximized shareholder value and found us the best partner. This represents my fifth closed transaction with BCA, and I continue to be impressed by their high-quality work and commitment to closing deals”.
“EnableComp’s proven management team, end-to-end outsourced service offering, recurring revenue model and market-leading position presented a highly attractive opportunity for investors,” added Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We were pleased to serve as EnableComp’s exclusive advisor on this important investment and enjoyed working with Jim Lackey, David Jones, the new CEO and President, and other members of management again”.
Brentwood Capital Partners, L.P. I and II (“BCP”) co-invested alongside Primus in the transaction. BCP I and II are $15.15 million and $42.2 million private equity funds, respectively, affiliated with Brentwood Capital Advisors.
About EnableComp, LLC
With more than 17 years of workers’ compensation claims billing expertise, EnableComp is the trusted source of innovative work comp reimbursement solutions in the healthcare industry. Their robust proprietary technology platform has been populated with state fee schedules, clinical and jurisdictional conditions, and payer behavior data to provide clients with guaranteed cash acceleration and reimbursement accuracy for each claim. For more information, please visit http://www.enablecomp.com.
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors LLC is one of the South’s leading investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 86 successfully closed transactions totaling approximately $5.3 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 18 investment banking professionals. For more information, please visit www.brentwoodcapital.com.