BUSINESS NEWS

National Medical Partners with Aquiline Capital

FEBRUARY 2021

National Medical Billing Services (NMBS) in St. Louis, Missouri, entered into a strategic partnership with Aquiline Capital Partners based in New York, New York, and London, United Kingdom, according to a February 3 NMBS press release. Aquiline invests in technology, analytics and business development, and will provide operational and financial value for NMBS' ASC clients and accelerate the company's growth.

"At National Medical, we have always prided ourselves on creating significant financial value for our clients, and we recognize that the ASC market is rapidly evolving and growing because of high-acuity procedures migrating to the ASC setting," said Nader Samii, chief executive officer (CEO) of NMBS, in the release. "Given this significant shift in the market, we are thrilled to be partnering with Aquiline because of its experience across healthcare, insurance and technology. Aquiline is the ideal partner to help us accelerate our key growth initiatives, and I look forward to working with them as we chart the next stage in our evolution."

Cain Brothers, a division of KeyBanc Capital Markets, served as the exclusive financial advisor to NMBS for this transaction and Neal, Gerber & Eisenberg served as legal counsel. Ropes & Gray LLP served as legal counsel to Aquiline.

"The team at National Medical has built an impressive business that serves as a trusted advisor helping their clients navigate the increasing complexity of the healthcare system," said Jeff Greenberg, chairman and CEO of Aquiline Capital Partners, in the release. "We are excited to partner with National Medical, where we can employ our experience at the intersection of healthcare and insurance to help the company continue innovating to further enhance and expand its business and operations."