Argosy Healthcare Partners Completes Recapitalization and Announces Partnership with Specialty Care Management


WAYNE, Pa., March 8, 2022 /PRNewswire/ — Argosy Healthcare Partners (“AHP”), a lower middle market private equity investor focused exclusively on healthcare, and a division of Argosy Capital, a diversified investment firm with over $2.3 billion of assets under management, is pleased to announce that it has completed the recapitalization of Specialty Care Management (“SCM” or the “Company”). SCM is a payer services company focused on healthcare cost containment and claims management services for the self-insurance market.

Founded in 2002 and based in Bucks County, Pennsylvania, SCM supports self-insured plans in risk management and cost containment. SCM specializes in designing programs for catastrophic claim categories including dialysis, oncology, air medical ambulance and transplant. SCM helps customers recover their claim expenses and maximize savings. Craig Clementcurrently President and Chief Operating Officer, will lead the company as Chief Executive Officer. Bob Clement, founder and CEO, will continue to actively support the company as a senior advisor and board member. More than by Bob Clemente In his four-decade career, he has successfully founded companies and held senior executive positions in health systems, managed care organizations, and other companies in the payment services market.

Craig Clement commented, “I am thrilled to partner with AHP, build on our existing base and accelerate growth. Partnering with AHP allows us to reinvest in our team, technology and systems and better serve our self-insured customers and their members. We are excited to continue our mission to build a world-class business dedicated to the self-insurance market.”

The continued rise in healthcare costs and the rise of self-insurance plans has accelerated the need for claims management and cost containment solutions from SCM. Paul BarrettManaging Partner of AHP, said, “We believe in Craig and his vision of the company. Bob, Craig and the SCM team have built an exceptional base in a high growth end market. Our goal is to protect culture, reinvest in founder-owned businesses and build world-class businesses together and we are grateful to have the opportunity to do so with Craig, Bob and the family of employees at SMC.”

“I am proud of what our team at SCM has accomplished over the past 20 years and excited to partner with AHP for the next chapter of growth. We are excited to leverage their experience in the field of health and our strong alignment with values ​​to scale-invest in SCM’s business team and processes.” noted Bob ClementSenior Advisor and Member of the Company’s Board of Directors.

About Specialty Care Management
Specialty Care Management (“SCM) is a leading payer services company specializing in healthcare cost containment and claims management services for the self-insurance market. Founded in 2002 and headquartered in Bucks County, Pennsylvania, SCM supports self-insured plans in risk management and cost containment. SCM specializes in designing programs for catastrophic claim categories including dialysis, oncology, air medical ambulance and transplant. SCM helps customers recover their claim expenses and maximize savings.

For more information, please visit:
Specialty Care Management: www.specialtycm.com/

About Argosy Health Partners
Argosy Healthcare Partners (“AHP”) is dedicated to partnering with entrepreneurial founders and talented management teams and building market-leading platforms together. AHP partners with founder-owned healthcare companies across the United States with $1.0$3.0 million of EBITDA and execute majority control transactions. AHP is a platform designed for founder-owned businesses to support their culture, reinvest in their business, and accelerate their growth.

For more information, please visit:
Argosy Healthcare partners: www.argosyhp.com

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SOURCE Partners Argosy Healthcare

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