Marina Medical Billing Services, Inc.

Marina Medical Billing Services, Inc.
Cerritos, CA


Initial Investment by Marwit: 1999
Operating Partner: Michael Connellan, CEO
Marina Medical Billing Services, Inc. is one of the largest providers of billing services for emergency medicine, anesthesiology and trauma center physicians and medical groups in the Western U.S. The Company processes more than one million patent encounters a year and serves ER and anesthesiology groups practicing in more than 70 hospitals. In 1999, Marwit sponsored a recapitalization of the Company, partnering with an experienced industry CEO, and in 2001 invested additional funds to help finance an add-on acquisition. In 2003, Marwit fully realized its investment through a recapitalization sponsored by Chicago based private equity firm Prospect Partners, LLC.