|Discovery Health Record Solutions Purchases Duplications Inc.|
May 20, 2010 -- Silverhawk Capital Partners portfolio company Discovery Health Record Solutions (www.discoveryhrs.com) -- a US-based provider of Release of Information (“ROI”) and other Health Information Management services -- has purchased the Pittsburgh, Pennsylvania-based ROI service company Duplications Inc. ("Duplications").
The purchase is the third Release of Information Company acquired by Discovery in the last 18 months as it continues its expansion into new geographic markets and expands market share in existing markets.
Discovery, headquartered in Atlanta, Georgia is one of the largest ROI companies in the United States. Serving a growing list of over 1,000 healthcare providers in 35 states, Discovery’s secret of success has been the ability to maintain a local and personalized level of service while employing the latest in technology.
Duplications founders, Ronelle Cherilla-Karas and Kevin Karas, joined Team Discovery to continue the superb service levels provided by Duplications. Ronelle states “teaming with Discovery allowed us to significantly enhance the technological offering to our clients and provide our employees with career opportunities with a strong national company.”
Doug Hollman, Discovery Chief Executive, said “This acquisition presented an excellent opportunity to expand our market share in the state of Pennsylvania. The professionalism, reputation and commitment to customer service at Duplications was a perfect fit with the Team Discovery principals of business”
About Discovery HEALTH RECORD Services
Based in Atlanta, Georgia, the Company is a leading provider of customized information management services to healthcare, insurance, and legal professionals. The Company has agreements with hospitals, clinics and physicians in over 30 states to service the release of information (“ROI”) requests made by other healthcare, insurance, governmental or legal entities. Discovery provides scanning, database, HIPPA compliance/review, and delivery services to their clients to fulfill these ROI requests. In addition, the Company provides customized medical document retrieval (“DR”) services to the legal and insurance industry to use in supporting and defending claims.
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.
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