November 1, 2010 – Silverhawk Capital Partners portfolio company Discovery Health Record Solutions recently completed the acquisitions of Regional Imaging and Copy Services, LLC based in Chesterfield, South Carolina and C&S Duplicating Services Inc. located in Chattanooga, Tennessee. Both companies provide medical record request fulfillment services including release of information, or ROI as mandated by HIPAA and the HITECH Act.
Both Regional Imaging, primarily serving the Coastal Carolina area, and C&S with customers in Eastern and Middle Tennessee, were motivated to join Discovery in order to bring the company’s proprietary medical record processing and delivery capabilities, branded StatusNOW to their customers. As the healthcare industry continues to adopt electronic solutions, including the implementation of EMR systems, there is a growing need to offer more complex technical capabilities to providers and requestors of medical records like those innovated by Discovery.
“These acquisitions expand our market coverage and compliment our sales strategies as we already have regional sales executives either located in, or assigned to these areas,” remarked Discovery’s CEO and President Doug Hollman, “and we will begin to offer our StatusNOW technology to these customers right away, so that they may begin to see its benefits.”
These acquisitions are the second and third completed by Discovery during calendar year 2010 as part of its growth strategy.
About Discovery Health Record Solutions
Based in Atlanta, Georgia, Discovery is one of the nation’s largest processors of third party medial record requests on behalf of healthcare providers. They fulfill medical record requests using comprehensive, technology based solutions that address the complexities and regulatory aspects of satisfying patient confidentiality, while helping customers reduce compliance risks, improve productivity and enhance profitability. The Company has agreements with hospitals, clinics and physicians in over 39 states to service the release of information (“ROI”) requests made by other healthcare, insurance, governmental or legal entities. Discovery provides scanning, database management, HIPAA compliance and review, and delivery services to their clients.
Reach Discovery at (678) 990-5300 or visit www.discoveryhrs.com
About Silverhawk Capital Partners
Silverhawk Capital Partners is an independent investment firm established in 2005 to invest in lower middle market transactions within the Growth Industrial, Energy/Natural Resources and Business Service sectors. Silverhawk typically invests between $10 million and $50 million of equity capital in growth oriented businesses with revenues ranging from $25 million to $250 million. Silverhawk has offices in Greenwich, Connecticut and Charlotte, North Carolina.
Reach Silverhawk at (203) 861-2905 or via email at