|FOR IMMEDIATE RELEASE
INVESTS IN LEADING MEDICAL BILLING SERVICES COMPANY
Leading medical billing services company adds promising new
platform to Prospect Partners' portfolio
CHICAGO, Ill.—April, 2003:Together
with Management, Prospect Partners, LLC is proud
to announce its investment in Marina Medical Billing Service,
Inc. ("Marina Medical"), a leading provider of medical
billing services to emergency room and anesthesiology groups.
more than twenty years, Marina Medical has been a quality leader
in medical billing services for emergency medicine, anesthesiology
and trauma centers. Marina Medical is a "client-centered" company
organized specifically to serve mid-size and larger medical groups.
Marina Medical is distinguished by its commitment to physicians,
and to ensuring that they are compensated fairly and promptly.
Medical serves top ER and anesthesiology groups practicing in more
than 70 hospitals, and processes more than one million patient encounters
each year. Marina Medical provides a complete range of medical billing
services to its clients, including CPT/ICD-9, and ASA coding, data
entry, on-site staff, claims submission, accounts receivable (A/R)
management, payment follow-up, collections, banking, fee schedule
reviews, accounting and reporting, as well as advisory services
on the reimbursement aspects of managed care contracts.
Prospect Partners, Marina Medical is a promising new platform in
the medical billing services arena. Together with Marina Medical,
Prospect will seek to acquire other established specialists in medical
Partners, LLC is a $105 million private equity fund focused on management-led
leveraged acquisitions of lower middle market companies with niche
more information on Marine Medical, visit www.marinabilling.com.