Recapitalisation of DuvaSawko is the latest transaction for Livingstone’s active Healthcare Practice
Livingstone’s Healthcare sector team is pleased to announce the recapitalisation of Healthcare Billing Systems, Inc. which trades as DuvaSawko, by Ancor Capital Partners.
DuvaSawko, founded in 1998 by emergency physicians Dr. Charles Duva and Dr. Bill Sawko, is a revenue cycle management (‘RCM’) company predominantly serving independent emergency physician groups and hospital emergency departments. The Company is headquartered in Ormond Beach, Florida, and is recognised as the premier provider of emergency billing, coding, accounts receivable management, and data analytics services. DuvaSawko currently serves clients with over 2.3 million annual emergency room patient visits across nearly 70 locations in 10 states. The Company has established deep, tenured relationships with its clients and boasts a proven track record of successfully increasing client revenues.
“From start to finish, we relied heavily on Livingstone’s Healthcare sector team and established relationships with strategic and financial buyers,” said Charles Duva, Co-Founder & CEO of DuvaSawko. “We found an ideal partner in Ancor Capital Partners, which shares our culture and strategic vision of growth for DuvaSawko.”
Jim Moskal, Partner in Livingstone Chicago’s Healthcare practice, elaborated on the continued demand for revenue cycle management solutions across the industry. “This transaction highlights the increasingly important need for healthcare providers to have high-quality RCM solutions,” he said. “The shifting reimbursement landscape will only exacerbate this trend.”