Current Investment-FUND IV
Acquisition date: August 9, 2021
Disposition date: Current Holding
Leading provider of RCM, finance and other office management services to skilled nursing facilities
LTC Consulting Services, LLC d.b.a. LTC Ally ("LTC" or the "Company") is a leading provider of revenue cycle management ("RCM"), finance, and other office management services to hundreds of skilled nursing facilities ("SNFs") nationwide. LTC has built a strong reputation among SNF operators by providing high quality services, supported by the Company's proprietary systems, technologies, and processes. By actively tracking claims and patients' insurance status, LTC proactively addresses SNF operators' collection issues and maximizes cash flow. LTC's other services include cash management, financial reporting, Managed Care contracting advisory, and SNF M&A advisory, among others. LTC is headquartered in Lakewood, NJ, with offices in Detroit, Miami, Philadelphia, Cleveland, Toronto, and Israel.
The Company's founders and key management continue to lead the business and retain a significant equity stake. The investment by Clearview provides additional capital to support the Company's growth initiatives.
The transaction closed on August 9, 2021. Clearview invested equity from Clearview Capital Fund IV, LP, alongside senior members of LTC's management team.