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Falcon Advises MSOC Health in its Sale to Coronis Health, a Portfolio Investment of Brook Venture Partners

WAYNE, PENNSYLVANIA – October 9, 2019: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of MSOC Health (“MSOC”) to Coronis Health (“Coronis”), a portfolio investment of Brook Venture Partners (“Brook Venture”).

Based in Chapel Hill, NC, MSOC was founded in 1997 by Cameron Cox, III, MHA, FACMPE, as a medical billing company. From his early days as a practice administrator, Cox saw the difficulty practices had in acquiring and maintaining the in-house expertise needed to efficiently manage the revenue cycle. Today the firm not only offers revenue cycle management, but also consulting services to physicians looking to start a practice, improve business operations, or develop strategies for enhanced business opportunities.

Coronis, headquartered outside of Baltimore, MD is a multi-specialty provider of revenue cycle management services for healthcare providers and their patients across the United States. The company’s boutique and specialized approach to RCM is its key differentiator along with its consultative approach to each of its customers. Today, Coronis is the partner of choice for over 550 healthcare facilities and practices. Coronis’ financial sponsor Brook Venture is a growth equity investor in Healthcare Information Technology and technology enabled service companies located in the United States. The firm focuses on both financing and providing the strategic and planning support necessary to effectively manage growth. Brook Venture is headquartered outside Boston in Wakefield, MA.

Falcon Capital Partners served as the exclusive sell-side advisor to MSOC. Founder and CEO Cameron Cox writes, “The Falcon team was instrumental in helping to guide the deal across the finish line. They have been a trusted partner of MSOC for many years culminating in the successful partnership with Coronis Health. In my mind, Falcon’s knowledge of the revenue cycle industry sets them apart from all other investment banks that work in the healthcare sector. The biggest compliment I can provide is that Falcon took time to not only share with me the market knowledge at large, but also took time to learn about me and our organization to help us facilitate a successful win-win for all.”

The terms of the transaction were not disclosed.

This transaction represents Falcon’s continued work in healthcare revenue cycle management. The Falcon deal team was led by Managing Director Ted Stack and Senior Associate Conrad Olenik. For more information please contact Ted at tstack@falconllc.com, 610-989-8901 or Conrad at colenik@falconllc.com, 610-989-8905.