7 Medical Systems, LLC, Minneapolis, has acquired HealthLink Minnesota Management Group Inc, a company providing strategic advisory, business office, operational management, and IT services to clinics in the Twin-Cities area.
HealthLink is the second of several planned acquisitions in 7 Medical’s growth strategy. Based in Edina, HealthLink has been providing outsourced practice management, administrative operations management, business office and IT services to Twin-Cities health care clinics since 1993. The company employs 33 people and also has a data center in Edina.
7 Medical has acquired substantially all of the assets of HealthLink for an undisclosed amount. All employees of both organizations will be retained, and the HealthLink office in Edina will remain intact. After a transition period, the combined company will operate under the name of 7 Medical Systems.
“We were looking to expand our revenue cycle management business, and we were already collaborating with HealthLink in terms of shared customers,” said Jason Studsrud, CEO of 7 Medical. “It is a really a good fit because RCM is one of HealthLink’s core competencies, and their administrative, financial, and practice management consulting services also add significant value to local clinics. Moving forward, customers will have more flexibility in automating workflows and increasing efficiencies in their revenue cycle, EMR and practice management, and imaging across the board.”
