Professional Credit Acquires "Project Heat" Healthcare Assets from CCMR3

CCMR3 Acquires HealthCare-I, L.L.C.

December 13, 2022

Healthcare Services

CCMR3, a Syracuse-based accounts receivable and collections provider, has acquired Healthcare-I, L.L.C. (HCI), a healthcare receivables management and debt recovery firm founded in 1992. HCI will operate as a wholly owned, stand-alone subsidiary to expand CCMR3's healthcare collections capabilities and client offerings.

Tonka Bay Equity Partners Invests in Professional (Professional Credit & Ensource)

July 27, 2021

Professional Services

Tonka Bay Equity Partners made a strategic growth investment in Professional (formerly Professional Credit & Ensource), a U.S.-based provider of first- and third-party accounts receivable management and revenue cycle services. The investment will support Professional’s geographic expansion, continued technology investment and growth while the company’s leadership and service lines remain unchanged.

AmerCareRoyal Acquires Team Three Group

February 27, 2023

Packaging

AmerCareRoyal (backed by HCI Equity Partners) has acquired Team Three Group in its eighth add-on acquisition since HCI's initial investment. The deal expands AmerCareRoyal's product categories and geographic footprint—adding distribution capacity in the Midwest and California—and brings Team Three founder Bob Hubbard onto the ACR executive team.

Bear Peak Power Acquires Grid Projects Co.

March 4, 2022

Energy

Bear Peak Power has acquired Grid Projects Co., gaining access to Grid Projects' pipeline of commercial & industrial (C&I) projects in the Massachusetts SMART program and 18 MW of projects under development. Grid Projects' owner Michael Marcotte joins Bear Peak as Managing Partner to help expand the firm's development capabilities and geographic reach.

Professional Credit Service Acquires Elevate Medical Solutions

June 19, 2025

Healthcare Services

Professional Credit Service (PCS), a Tonka Bay-backed patient financial engagement and recovery services provider, has acquired Elevate Medical Solutions, a U.S.-based medical coding, denials management, and auditing firm. The add-on expands PCS's capabilities into mid-stage revenue cycle management (RCM), combining Elevate's credentialed coding teams and AI-assisted tools with PCS's national footprint.

Med-Metrix Acquires Healthcare Receivable Specialists (HRSI)

July 15, 2024

Healthcare Services

Med-Metrix, a PE-backed revenue cycle management (RCM) platform, has acquired Healthcare Receivable Specialists, Inc. (HRSI), a Philadelphia-area provider of Medicaid eligibility and patient access services. The add-on expands Med-Metrix's end-to-end RCM capabilities and is backed by A&M Capital Partners; financial terms were not disclosed.