California-based medical office software and services platform Kareo, Inc. has bought ECCO Health, a medical billing service headquartered in Las Vegas, Nevada. Employees of the privately-held medical billing firm were already given employment offers by Kareo. Everyone is expected to come on board Kareo Billing Services which has more than 500 clients all over the country.
Kareo Founder and CEO Dan Rodrigues is impressed with the team at ECCO Health. "ECCO is noteworthy due to the strength of its team, the quality of its customer relationships, the efficiency of its operational model, and the company's track record of innovation. The combination of ECCO's considerable strengths with Kareo will enable us to deliver an even stronger solution to the market. We welcome ECCO's customers and team to the Kareo family," he said.
The financial details of the acquisition, however, were not provided by the companies. Kareo currently has the backing of the Stripes Group, Greenspring Associates, OpenView Venture Partners and WTI.
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