Private Equity Firm Acquires Medical Collection Agency

LaSalle Capital Group, L.P., together with Grey Rock Capital Group, LLC, Don Horan, and senior management, acquired Collection Associates, Inc., on May 10, 2007.

CAI, headquartered in Greensburg, Indiana, provides accounts receivable management services, primarily to the healthcare industry.

"We’re interested in acquiring and growing organically in the meidical collections industry, on a regional basis," said Rocco Martino, a Partner at LaSalle Capital.

Founded in 1985, CAI is regarded as a premier provider of thirdparty collections for hospitals and physician groups in Indiana and the surrounding area. The company’s expertise is in primary collections. In addition, CAI offers accounts receivable outsourcing services, such as early-out collections and payment monitoring.

CAI represents LaSalle Capital’s sixth platform acquisition. “Don Horan has built an impressive accounts receivable management services company and management team under his ownership and leadership,” stated Martino. “We are excited to partner with Don, Mark Schabel, President, and senior management to continue to expand CAI’s business and market presence.”

Don Horan added, “As we strive to strengthen our company and better service our clients, the partnership with LaSalle Capital is a logical next step.”