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Greenberg Advisors Leads Active Year of M&A Transactions in 2025


Rockville, MD – February 1, 2026 – Greenberg Advisors (GA), a leading M&A advisory specialist for transactions in Revenue Cycle Management (RCM), Healthcare Information Technology (HCIT), and related sectors, completed multiple compelling transactions in 2025. The transactions spanned strategic add-ons, founder exits, and corporate divestitures, a reflection of the firm’s continued expansion within these dynamic sectors.

Add-On Acquisitions

Knack RCM, a tech-enabled leader in end-to-end and customizable RCM services, acquired PPM Partners. PPM Partners, with deep expertise in the anesthesia sector, provides billing and practice management services. The transaction further solidified Knack RCM’s expertise in the anesthesia market, which it entered in 2024 via another Greenberg Advisors-facilitated transaction (Merrick Management, Inc.).

EnableComp acquired Health Resources Optimization, Inc. (Health/ROI), a clinical denials and revenue recovery firm serving top health systems in the Northeast. The acquisition expands the revenue EnableComp captures for its clients by resolving and preventing the most challenging clinical denials — DRG downgrades and medical-necessity denials — and by recovering lost revenue through expert post-bill DRG validation. “This acquisition enhances our ability to drive revenue improvement across the most complex parts of the revenue cycle — areas where missing a single opportunity can lead to substantial revenue loss for hospitals,” said Frank Forte, CEO of EnableComp.

Founder-Owned Exits

Huron (NASDAQ: HURN), a global professional services firm, completed its acquisition of Eclipse Insights, a tech-enabled revenue cycle consulting firm focused on net revenue improvement. This acquisition strengthens Huron’s capabilities in delivering comprehensive, revenue cycle solutions as healthcare providers continue to face ongoing financial pressure, workforce challenges, and increasing complexity in reimbursement. Eclipse brings expertise in critical mid-revenue cycle areas that complement Huron’s existing capabilities.

GA completed the sale of a fast-growing, tech-enabled firm to a private-equity backed strategic buyer. In one of its business units, the seller works with blue-chip health systems, screening patients for existing insurance coverage and enrolling patients in Medicaid. In its other business unit, the company represents individuals in securing Social Security Disability (SSD) and Supplemental Security Income (SSI) benefits. This transaction has not been announced.

Corporate Divestitures

ZOLL Medical Corporation, an Asahi Kasei company (TSE: 3407), divested one of its growing subsidiaries, Golden Hour Data Systems, Inc. (Golden Hour). Golden Hour provides tech-enabled billing and related RCM services to air and ground medical transportation providers. Golden Hour leverages 30+ years of EMS experience to provide white-glove customer service with a compliance-centric approach. Golden Hour was acquired by Digitech, an EMS-focused provider of billing and technology solutions. Digitech is owned by Sarnova, a subsidiary of Investor AB (Nasdaq Stockholm: INVE B).

About Greenberg Advisors
Greenberg Advisors, LLC provides world-class M&A and strategic advisory solutions to Business Services and Technology companies in the Revenue Cycle Management (RCM), Healthcare Information Technology (HCIT), Accounts Receivable Management (ARM), and Business Process Outsourcing (BPO) sectors.

Leveraging over 65 years of M&A experience, the firm’s professionals offer a highly specialized perspective from which to advise clients, resulting in the completion of over 155 M&A, valuation, and strategic planning engagements. These client successes reflect Greenberg’s distinct client-first approach, deep sector expertise, network of relationships, and work ethic.