WAYNE, PENNSYLVANIA – April 4, 2018: Falcon Capital Partners, a leading middle-market investment bank, announced today the successful sale of Professional Management, Inc. (PMI) to AdvantEdge Healthcare Solutions (AdvantEdge), a portfolio company of Safeguard Scientifics (NYSE: SFE) and Founders Equity.

Specializing in medical billing, coding and collection services since 1968, Professional Management, Inc. (PMI) provides revenue-building consulting services to physicians and medical facilities. Founded and headquartered in Baltimore, MD, PMI has maintained a market leadership role in the Mid-Atlantic market with subject matter expertise in Pathology, Emergency Medicine, Cardiology, and Radiology, among other specialties. Family-owned and operated for nearly 40 years, PMI demonstrated consistent growth and profitability over its long history of operations.

AdvantEdge, based in Warren, NJ, is one of the top medical billing companies providing revenue cycle management solutions including medical billing, coding, analytics, compliance and practice management. AdvantEdge proudly serves physician groups, hospitals, surgery centers, and behavioral health agencies. As a natural complement to AdvantEdge, PMI and its client base further expands the AdvantEdge presence and strengthens their footprint in the Mid-Atlantic U.S. “As healthcare becomes a more challenging environment for specialty physicians with compliance regulations, performance based reimbursement models, and increasing market competition, they are looking for companies that can provide a full range of revenue cycle management and analytical solutions for their practices,” said David Langsam, President, and CEO of AdvantEdge. “PMI’s footprint and long standing reputation as an exceptional billing service for hospital-based specialties makes this combination a great fit for AdvantEdge as we continue to execute our growth plan, and for PMI and its clients as the healthcare eco-system becomes even more complex, sophisticated and technology dependent.”

Falcon Capital Partners served as exclusive sell-side advisor to PMI. The terms of the transaction were not disclosed. The press release can be found on their website here.

The Falcon deal team was led by Managing Director Ted Stack and Vice President Don Wanner.