CASE STUDY: SUNBELT MEDICAL FINANCIAL LLC

Background: Sunbelt Medical Financial LLC (“Sunbelt Health”), based in Fort Lauderdale, FL, is a provider of outsourced healthcare receivables management, specializing in collecting international and complex claims for hospitals, clinics, physicians, and health systems.
Cassel Salpeter:
- Served as investment banker to the company
- Conducted a limited marketing process, identifying and contacting a focused group of public and private companies, focused on healthcare revenue cycle management (“RCM”) and/or collections billing
- Facilitated the company’s sale to a sponsor-backed strategic acquirer
Challenges:
- Identifying suitable buyers in a specialized, fragmented market
- Securing value for the company’s robust pipeline and strong continued growth throughout the process
Outcome: In March 2025, Sunbelt Health Partners was acquired by Unified Health Services, L.L.C. (“UHS”), a portfolio company of Reynolda Equity Partners. UHS provides RCM services to hospitals, surgery centers, and health systems, and specializes in workers’ compensation claims. The acquisition of Sunbelt Health Partners expands UHS’s complex claims management capabilities, particularly in international claims.