SLC’s Alta Management Solutions acquired by California firm
Irvine, California-based Cosentus Holdings, a provider of integrated business solutions for health care practices across the country, has entered into an agreement to acquire Alta Management Solutions, a medical practice consulting and revenue cycle management services company in Salt Lake City.
Financial details of the transaction were not reported. The deal closed May 25.
Alta Management Solutions offers end-to-end revenue cycle management support, credentialing and operational consulting tailored to the unique needs of medical practices and ambulatory surgery centers. With the acquisition, Consentus aims to expand its national footprint, strengthen its consulting capabilities and enhance its service offerings to clients across the country, the company said in a release.
“Alta’s industry reputation and hands-on approach to client service align perfectly with Cosentus’ commitment to delivering customized, scalable solutions to the health care industry,” said Brandon Jones, CEO of Alta Management Solutions. “This acquisition allows us to better serve our clients with a comprehensive suite of services and positions us for continued growth. We are … excited to join forces with Cosentus. Together, we’ll have the resources, technology and expertise to provide even greater value to the health care providers we serve.”
“We are very excited to welcome Alta Management Solutions into the Cosentus family,” said GS Bhalla, chairman and CEO of Cosentus. “For over two and half decades since we founded Cosentus, we have lived by the principle of ‘customers first.’ The Alta team has demonstrated the same values as we were evaluating this transaction. We are very excited to not only extend our footprint in Utah and Idaho through this acquisition but expand our services to add new areas like practice consulting, a brand-new service offering.”
As part of the acquisition, Alta’s leadership and team members will be integrated into Cosentus’ existing business infrastructure. Current Alta clients can expect continuity of service, along with the added benefit of expanded support and resources through the Cosentus platform, the company said.