19 Sep TPMS, INC.
Sold To Accuro
Beacon Equity is pleased to have represented the Stockholder & Board members of TPMS, INC in marketing and sale of the company.
About TPMS, INC:
TPMS, Inc. is a software developer focusing on hospital revenue cycle maximization by identifying payments from third-party payers (insurance companies), which differ from the payer’s contractual obligations to the provider. These programs tended to be customized for each user. Customizations became requests for ways to track other information as well, leading to tracking payments from various insurance companies and the program grew. TPMS began development of a true contract management system by incorporating all the successful features of LOG-PLUS and combining them with numerous client suggestions to produce the Harvest® Contract Management System. In 2004 TPMS sought to offer Harvest as both an in-house, installed version (client server application) and a web-accessible product (ASP)
For more information on this transaction or other similar business sales contact:
David Humphrey
Beacon Equity Advisors
781.551.8000
Beacon Sold TPMS, INC.. a leader in software development focusing on hospital revenue cycle maximization by identifying payments from third-party payers (insurance companies), which differ from the payer’s contractual obligations to the provider. Beacon Sold prior to 2011. Beacon is proud to be the Business Broker serving Ashland and surrounding towns of Ashland, Sherborn, Natick, Cochituate, Wayland, Sudbury, Marlborough, Southborough and all of Middlesex County. If you are thinking of selling your company please call for a commitment free consultation.
About Beacon Equity Advisors – Since 1985 Beacon Equity Advisors, a leading New England Merger & Acquisition (M&A) advisory firm with offices in eight key New England cities, including in Boston, MA Providence, RI and Manchester, NH has represented owners selling closely held service businesses. Beacon Equity Advisors’ experience selling value add service companies enabled them to tell an engaging story about this Boston, MA area service company in the M&A marketplace. Highlighting key enterprise attributes enhanced the company’s value as Beacon identified prospective buyers who were able to clearly recognize synergistic opportunities. By matching the right buyer with the right seller, shareholders were able to realize an above market value multiple in the sale of their business in a transaction beneficial for both parties. Beacon represented the Board of Directors and Shareholders in identifying the buyer, negotiating deal terms and brokering the transaction.