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Fort Worth, TX – June 5, 2008 - CREDITWATCH®
Services Ltd., a provider of Account Receivable Management and
Customer Care Solutions based in Fort Worth Texas, announced today that the
company has acquired Collectrite, a provider of medical billing and collection
services with offices in Las Cruises and Albuquerque New Mexico.
CREDITWATCH®Services
Ltd., founded in 1990 is a national provider of first and third party “Business
to Business” collections and CRM outsourced solutions. Joseph F. Tempesta,
President of
CREDITWATCH®says “With our expansion into the medical vertical and
the strong leadership of Paul Thomason as Collectrites President, we are poised
to offer both regional and national clients best in class ARM solutions in the
expanding medical industry”. We are proud to welcome the entire Collectrite team
to our family of companies.
James English, Chief Financial Officer of
CREDITWATCH®Services Ltd. says “It
has been a long time coming, but with the influx of new clients coupled with the
unique business model of
CREDITWATCH®Services Ltd., this
acquisition should catapult us into a diversified contender in the Accounts
Receivable Management industry. “Our acquisition strategy is very conservative
but with the addition of Collectrite, growth within their vertical looks very
promising.”
Paul Thomason, President of Collectrite says “We have been searching for a
way to expand our personalized client services to our clients with facilities
outside of our region. Joining with
CREDITWATCH®will give us a great
opportunity to grow with our customers!”
Feel free to visit us on the web at
www.creditwatchservices.com or at
www.collectrite.com
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