December 3, 2010

Yukon Invests in Avadyne Health

December 3, 2010 — Yukon Partners (Yukon) announced today that it has completed an investment in Avadyne Health, a Moline, IL-based provider of healthcare revenue cycle management services. The transaction closed on December 2, 2010. Yukon supported Avadyne Health’s purchase of Revenue Cycle Partners, a national provider of self-pay and third-party healthcare account resolution services. Avadyne is controlled by Pacific Onset Capital, a private equity fund focused on the healthcare revenue cycle management industry.

Moises Eilemberg, CEO of Avadyne Health, said “the combination of our two companies makes us a formidable competitor in the industry on a national stage and presents immediate opportunities to build on each other’s strengths. Our partners at Yukon responded quickly and diligently to assist us in this time-sensitive transaction.”

Michael Hall, Managing Partner of Yukon Partners said “we are excited to partner with Avadyne Health and Pacific Onset and look forward to supporting them in the many value creation initiatives available. Further, this investment serves to bolster our deep experience in healthcare and business services industries.”

About Yukon Partners

Yukon Partners is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million. The transactions in which Yukon invests include Buyouts, Growth and Platform Strategies, Recapitalizations, Mergers/Acquisitions, Public to Private Buyouts, and Refinancings.

About Avadyne Health

Avadyne Health ( based in Moline, IL is a patient-centric organization that provides revenue cycle management services to a wide range of healthcare providers across the nation. Avadyne Health strives to ensure a positive patient experience. Its services include self-pay billing, third-party claims resolution, denial management, and collection of post write-off accounts. Through its partner Benchmark Revenue Management, Avadyne also delivers revolutionary administrative workflow, revenue analysis, management, and monitoring tools. No other company offers the same combination of maximum revenue-to-cash conversion, respect for the patient, regulatory compliance, and ease of use. That’s why hundreds of hospitals, physician clinics and other healthcare providers rely on Avadyne Health to help them accelerate their cash flow cycle and achieve a Healthier Bottom LineSM.

About Revenue Cycle Partners

Based in Billings, Montana and with operating centers in Olathe, Kansas and Cedar Rapids, Iowa, Revenue Cycle Partners ( has earned its clients an outstanding reputation for their finance office functions. As the nation’s leading BPO provider focused on overall patient satisfaction, RCP has developed the tools, training, workflow and supporting technology that enables their clients to impact, and improve patient satisfaction scores after the clinical experience is complete. By pro-actively representing its clients in the most professional, compassionate and empathic way during each customer service interaction, RCP reinforces the quality care and outstanding service the clinical staff delivered during a patient’s stay.

About Pacific Onset

Pacific Onset Capital ( is an investment firm formed by a group of experienced operators and investors to build the leading provider of revenue cycle management services to the healthcare industry.

For more information, please contact:

Michael J. Hall
Yukon Partners