Aergo Solutions LLC
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Aergo Solutions LLC - overview
Established
1993
Location
-, NJ, US
Primary Industry
Healthcare IT
About
Aergo Solutions LLC specializes in innovative technology solutions that enhance operational efficiencies and streamline processes in the healthcare sector, focusing on revenue cycle management and related services. Aergo Solutions LLC provides technology solutions for the healthcare industry, particularly in revenue cycle management. Founded in 1993 in the US, it was recently acquired by CorroHealth, LLC from Northstar Capital and Citadel Outsource Group on May 25, 2022, strengthening CorroHealth's service offerings. The CEO, Kevin Chmura, oversees the company's strategic direction.
Aergo Solutions LLC offers a comprehensive suite of technologically driven solutions for revenue cycle management (RCM) tailored for hospitals and health systems. Their services include Clinical Documentation Improvement (CDI), Coding Automation, Chargemaster Services, Utilization Management, and Denials Management, which collectively aim to enhance operational efficiency, patient care, and the financial well-being of healthcare providers. Their products are utilized in various markets, including the United States and the Gulf Cooperation Council (GCC) regions, bolstered by a recent investment in SANTECHTURE. Aergo Solutions LLC generates revenue primarily through service contracts and partnerships with healthcare organizations.
Clients subscribe to a suite of services, which includes proprietary technologies such as VISION Clinical Validation Technology™ and PULSE Coding Automation Technology™, typically under multi-year agreements. The pricing structure is customized to align with the unique operational needs of healthcare providers, ensuring compliance and operational efficiency, thereby contributing to consistent revenue through ongoing client engagement. The acquisition by CorroHealth, LLC aims to bolster RCM operations and expand service offerings to meet the growing demands of the healthcare market. Upcoming initiatives include the development of new products designed to address specific client needs, ensuring compliance and efficiency.
The company plans to further penetrate the US and GCC markets, leveraging the acquisition to enhance its market presence. The recent acquisition will facilitate these expansions, enabling Aergo Solutions to better serve its clients in the evolving healthcare landscape.
Current Investors
Carlyle Group, CorroHealth, Inc.
Primary Industry
Healthcare IT
Sub Industries
Financial Services, Healthcare IT
Website
www.aergo.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Aergo Solutions LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Aergo Solutions LLC | - |
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Aergo Solutions LLC - employee data


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