ParaRev Overview
- Year Founded
-
2000
- Status
-
Acquired/Merged
- Employees
-
85
- Latest Deal Type
-
Buyout/LBO
- Financing Rounds
-
2
- Investments
-
2
ParaRev General Information
Description
Provider of revenue cycle management services catering to hospitals throughout the United States. The company specializes in accounts receivable (AR) recovery and resolution and accelerates cash flow and increases operating margins by serving as a virtual extension of the central billing office through its proprietary intelligent automation by integrating seamlessly with the client's system, thereby enabling healthcare organizations to increase cash collections, decrease unpaid claims and reduce denials and write-offs.
Contact Information
Website
www.pararevenue.comCorporate Office
- 2500 Westfield Drive
- Suite 2-300
- Elgin, IL 60124
- United States
Corporate Office
- 2500 Westfield Drive
- Suite 2-300
- Elgin, IL 60124
- United States
ParaRev Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
ParaRev Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
ParaRev Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
ParaRev Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
ParaRev Investments (2)
ParaRev’s most recent deal was a Buyout/LBO with STAT Revenue. The deal was made on 22-Jul-2021.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| STAT Revenue | 22-Jul-2021 | Buyout/LBO | Other Financial Services | ||
| PARA HealthCare Analytics | 09-Jul-2019 | Buyout/LBO | Practice Management (Healthcare) |
ParaRev Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| PARA HealthCare Analytics | Anaheim, CA | 1985 |
ParaRev FAQs
-
When was ParaRev founded?
ParaRev was founded in 2000.
-
Where is ParaRev headquartered?
ParaRev is headquartered in Elgin, IL.
-
What is the size of ParaRev?
ParaRev has 85 total employees.
-
What industry is ParaRev in?
ParaRev’s primary industry is Practice Management (Healthcare).
-
Is ParaRev a private or public company?
ParaRev is a Private company.
-
What is ParaRev’s current revenue?
The current revenue for ParaRev is .
-
Who are ParaRev’s investors?
Housatonic Partners has invested in ParaRev.
-
When was ParaRev acquired?
ParaRev was acquired on 11-May-2022.
-
Who acquired ParaRev?
ParaRev was acquired by CorroHealth.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
