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Medical Reimbursements of America Announces $7.5M Equity Investment

posted Feb 16, 2017, 1:06 PM by Lyle Beasley

NASHVILLE, TN – (September 26, 2012) Medical Reimbursements of America (MRA), the healthcare industry’s leading provider of claim resolution services for motor vehicle accident and workers compensation claims, is pleased to announce a $7.5 million equity investment from West End Holdings and FCA Venture Partners. 

Stuart C. McWhorter, a co-founder of MRA with Clayton Associates, who has served as CEO of MRA for the past 4 years, will continue with the company as Executive Chairman. 

“We started MRA 13 years ago with a simple idea - to help hospitals get paid on complicated healthcare claims that result from motor vehicle accidents and work-related injuries,” said McWhorter, “Our talented and dedicated team has grown this simple idea into a business that resolves over $1 billion in complex claims annually for hospitals nationwide. I look forward to continuing our two-fold mission of serving as patient advocates during the difficult time following injury while simultaneously helping our hospital clients get reimbursed on these complicated claims.” 

Both managing partners of West End Holdings, Bobby Rolfe and Lyle Beasley, have joined the MRA Board of Directors and will actively lead the company going forward. 

“West End Holdings is excited to provide two thirds of this equity capital, alongside FCA Ventures,” said new CEO Bob Rolfe. “Lyle and I believe strongly in this company and have decided to invest our leadership talents, as well as our capital, to continue its growth. MRA’s 300 plus employees are the best in the world at what they do, and we plan to support them by investing in the technology needed to effectively serve this niche of the healthcare revenue cycle.” 

Matthew A. King, Managing Partner at FCA Venture Partners, has also joined the MRA Board of Directors. 

“We believe the leadership of Bobby Rolfe and Lyle Beasley, in combination with this new capital, provides the resources needed for MRA to dominate this niche of the healthcare revenue cycle. We have known MRA since its inception and the Managing Partners of West End Holdings for many years. We are pleased to have the opportunity to invest in this proven team,” said King. 

About Medical Reimbursements of America 

MRA is a technology-enabled services provider focused on a very narrow niche of the healthcare revenue cycle -the resolution of complex medical claims for motor vehicle accidents and work-related injuries. Founded in 1999, MRA is one of the nation’s leading providers of complex claims resolution services, providing services to over 300 hospitals in 38 states and resolving over $1 billion in complex claims annually. 

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