ParaRev
The Deal
- Bought By
- Jerry Connelly
- Year
- 2014
- Vehicle
- Housatonic Partners
- Kind
- Services
A revenue-cycle firm working hospital underpayments and denials out of Elgin, Illinois, bought as Health Care Financial Resources.
What Happened Next
Renamed ParaRev in 2021 after two add-on purchases and sold to CorroHealth in May 2022, with Connelly still chief executive at the handover.
The searchers held it 8 years, from 2014 to 2022.
The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.
Backed by the Same Firms
- Wayleadr · Alex Thinath · 2025
- Abound Health Group · Jenna Whigham and Dennis Lally · 2020
- Cicero Therapies · Taylor Davidson, Grant Schafle and Gordy Rogers · 2020
- School Family Media · Charles Field and Brian Cabezud · 2018
- The rest of what Housatonic Partners has backed
Method & Source
This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.
- Housatonic Partners' own account housatonicpartners.com
- The acquirer's announcement corrohealth.com