Deal brings together teams with extensive ASC expertise to enhance quality
of RCM services
Surgical Notes, a nationwide provider of revenue cycle services and solutions
for the ambulatory surgery center (ASC) and surgical hospital markets,
announces the acquisition of Zulu Health, a revenue cycle management (RCM)
provider with a specialized focus on the ASC market.
Zulu Health, based in Los Angeles, California, provides RCM services, predominantly
to surgery centers, across the United States. Founded in 2015, the company's
customized solutions include revenue cycle outsourcing and consulting,
coding and compliance, and accounts receivable (AR) follow-up. Zulu Health
is supported by a quality-driven team committed to client satisfaction,
operational excellence, and maximizing financial success for partner facilities.
Ken Bulow, Zulu Health's President and CEO and a veteran of the ASC
industry, will join Surgical Notes as its new EVP of Operations. Also
joining the Surgical Notes management team will be Rachael Powell, Zulu
Health's Vice President Revenue Cycle, and Carla Reese, Zulu Health's
Vice President Operations.
"We could not have found a better home for Zulu Health than with Surgical
Notes," said Bulow. "We're exceptionally proud of our work
over these past six years, particularly our nearly 100% client retention
rate. Surgical Notes has established itself as a leading service provider
to ASCs nationwide. We look forward to our experience and expertise helping
to further strengthen Surgical Notes’ position in the market. The
joining of our two skilled teams will undoubtedly translate to higher
quality services and improved performance for our existing and future
"I am so pleased to have Ken and the entire Zulu Health team join
the Surgical Notes family," said Randy Bishop, President and Chief
Executive Officer for Surgical Notes. "Ken's decades-long tenure
leading RCM teams and company operations will be invaluable as we continue
to grow and mature the Surgical Notes brand. We are excited for this addition
to our capabilities."
Bishop continued, "Combining the operations of Surgical Notes and
Zulu adds to our position as one of the leading RCM services organizations
in the industry. We add an impressive executive leader and talented team
of professionals that will help us continue growing our business. Today's
news accelerates Surgical Notes' ability to deliver high-quality RCM
solutions that allow ASCs and other provider organizations to spend more
time focused on delivering exceptional patient care. This acquisition
is truly a win for both companies and our customers."
Surgical Notes is a portfolio company of The CapStreet Group, a lower middle-market
private equity firm, based in Texas.
About Surgical Notes, Inc.
Surgical Notes is a healthcare IT solutions company dedicated to developing
cutting-edge, innovative products and services for the ambulatory surgery
center industry. The largest management companies and over 20,000 healthcare
providers trust Surgical Notes' revenue cycle management solutions
and services to enhance the financial strength and performance of their
ASCs. To find out more about Surgical Notes and its ASC revenue cycle
About The CapStreet Group
The CapStreet Group is a Houston, Texas based private equity firm that
invests in lower middle market companies. CapStreet targets companies
focused on industrial products and distribution, software and tech-enabled
business services. CapStreet’s approach is to partner with excellent
management teams to build out corporate infrastructure, accelerate growth
and profitability, and create long term sustainable businesses. For more
information, visit The CapStreet Group website, www.capstreet.com.