December 1, 2010 – Silverhawk Capital Partners portfolio company Discovery Health Record Solutions recently completed the acquisition of Elevate,LLC a medical record release of information and document management services company based in Kansas City serving healthcare providers primarily in Western Missouri and Kansas.
Elevate founded in 2002, provides medical record request fulfillment services and document management services, including scanning, records storage and hosting. Co-founder Sean West remarked that, “Discovery has the scale, technology, and financial strength necessary to allow us to better serve new and existing customers, and deliver our innovative document management services to their large customer base. We are pleased to be joining one of the nation’s premier ROI (release of information) companies.”
“This acquisition both expands the company’s market reach in the Midwest, and also adds essential document management capabilities and expertise to support our growth initiatives,” commented Discovery’s CEO and President Doug Hollman, “ and I’m pleased that Sean will be joining TeamDiscovery to head our Document Management Services business as a Vice President.”
The completion of this acquisition marks Discovery’s fourth during calendar year 2010 as it executes 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