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Collectability of Self-Pay Accounts has Health Care Execs Worried 

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

If you would like to subscribe to our monthly newsletter, please email sales@creditwatchservices.com.

 

 


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