C & E Acquisition Group

What C & E Acquisition Group does

C & E Acquisition Group, LLC is a Maryland-based healthcare receivables buyer that acquires late-stage patient accounts from hospitals and other healthcare providers. The company purchases medical debt in the later stages of the revenue cycle, focusing on self-pay balances and patient responsibility, and takes full financial risk on those receivables with no recourse against the healthcare organization. C&E operates two core programs: REVENUE 120, which provides an upfront payment of at least 110% of trailing 12-18 month performance for aged patient accounts; and REVENUE 365, a forward-flow arrangement combining an upfront warehouse purchase with recurring quarterly compensation as new accounts age into the program. An adjacent Medical Factoring service uses financing-partner relationships for credit-worthy third-party payer receivables.

C&E's offering is anchored by a proprietary quantitative analysis process that scores patient accounts, evaluates demographic data, and benchmarks portfolio performance against historical results to determine fair market value of late-stage receivables, delivered through FDCPA-, HIPAA-, CFPB-, ACA International-, Receivables Management Association (CRB)-, and IRS 501(r)-certified processes. The platform scales to more than 1 million patient accounts and over $1 billion in managed receivables across 150+ provider customers nationwide, supported by 11-50 employees and a consultative sales motion targeted at healthcare CFOs and revenue cycle executives.

The company's revenue model is transaction-based: it purchases aged patient accounts at a discount, pays providers upfront cash, and collects on the portfolio, retaining the spread between purchase price and ultimate recovery. C&E was founded in 2008 in Bel Air, Maryland and originally focused on consumer debt (credit cards, retail loans) before pivoting into healthcare around 2014-2015; it operates as a privately held LLC under parent company Diverse Funding.

Name

C & E Acquisition Group

Legal name

C & E Acquisition Group, LLC

Website

https://ceacquisition.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

C & E Acquisition Group acquires late-stage patient accounts from U.S. hospitals and healthcare providers, paying providers upfront for self-pay and patient-responsibility receivables and absorbing full collection risk under its REVENUE 120 and REVENUE 365 programs.

Ownership category

akta.pro rank

Product category

Healthcare Receivables Acquisition

NAICS

Collection Agencies (561440), Collection Agencies (56144), Sales Financing (522220)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320), Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Debt Buying & Portfolio Acquisition (Charged-Off Receivables) (FSAKAJAC)

akta.pro secondary industries

Accounts Receivable (A/R) & Collections Management (HLACACAJ), Patient Financial Engagement (Estimates, Billing Presentment, Payments) (HLACAEAI), Healthcare Payouts (Payers-to-Providers, Patient Refunds) (FSAMAKAK)

Keywords

• Healthcare debt buying
• Medical receivables acquisition
• Revenue cycle management
• Bad debt purchasing
• Patient AR monetization

Headquarters

HQ city

Bel Air

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Healthcare Receivables Acquisition: C&E acquires medical debt in late stages of the revenue cycle, focusing on self-pay and patient responsibility balances. The company takes full responsibility for the financial risk associated with acquisition of receivables - if receivables do not perform, they have no recourse against the healthcare organization. Revenue is generated by purchasing aged patient accounts at a discount and collecting on them, or by providing upfront payments for accounts followed by recurring compensation as new accounts age into the system.
2. REVENUE 365 - Forward Flow Program: Ongoing arrangement where C&E compensates healthcare providers for aged patient accounts as they become inactive. Providers receive recurring cash paid upfront each period. Includes warehouse inventory sale (upfront payment for existing aged accounts) plus forward flow sales of subsequent accounts.
3. REVENUE 120 - Accelerated Collection Program: Program that maximizes patient revenue by paying healthcare providers upfront for their patient responsibility and self-pay accounts. Goal is to pay at least 110% of current 12-to-18 month performance up-front.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

C & E Acquisition Group purchases late-stage, non-performing patient accounts receivable from healthcare providers at a discount, providing upfront cash and assuming all collection risk with no recourse against the provider. Its core programs—REVENUE 120 (one-time upfront purchase of patient responsibility/self-pay accounts) and REVENUE 365 (combination of warehouse inventory sale and recurring forward flow payments)—are complemented by a medical factoring service for open receivables from credit-worthy third-party payers.

Product overview

C & E Acquisition Group offers two core programs for healthcare providers: REVENUE 120 and REVENUE 365. REVENUE 120 provides immediate up-front cash payment for late-stage patient accounts (120+ days), offering at least 110% of 12-18 month performance value. REVENUE 365 is a more comprehensive solution that values and acquires aged patient AR going back up to 7 years, combining immediate warehouse inventory payments with recurring forward flow revenue streams. The company also maintains relationships with financing partners for medical factoring needs, though this is distinguished from their core programs. All services are built around a patient-centric approach that maintains the provider-patient relationship while maximizing value from non-performing patient accounts.

Differentiator

Problem solved

Functional benefit

Brands

• REVENUE 120: Program that provides up-front payment for patient responsibility and self-pay accounts, aiming to pay at least 110% of current 12-to-18 month performance up-front.
• REVENUE 365
• Medical Factoring

Products and services

• REVENUE 120 Accelerated collection program that pays healthcare providers upfront—at least 110% of their current 12-to-18 month collection performance—for late-stage patient responsibility and self-pay accounts, with C&E taking full financial risk and no recourse against the provider.
• REVENUE 365 Comprehensive forward-flow program combining a one-time warehouse inventory sale (upfront payment for existing aged patient AR up to 7 years old) with recurring forward flow purchases of newly aged accounts, providing predictable ongoing cash for healthcare providers.
• Medical Factoring Financing service for healthcare providers that leverages open receivables owed by large, credit-worthy third-party payers, structured through C&E's relationships with financing partners and distinct from the core REVENUE 120/365 bad-debt purchase programs.

Quantifiable outcome

• Typical hospital client receives $1 million+ new revenue in first year
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Diverse FundingcoreOthersParent company of C&E Acquisition Group. C&E and its parent company, Diverse Funding, are privately held and managed by the investing partners. Diverse Funding's expertise in consumer collections was applied to the healthcare market, leading to C&E's formation in 2008.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• iVinci Health: Provides healthcare revenue cycle and patient financing solutions, intersecting with C&E's patient financial responsibility focus through predictive analytics and patient engagement.
• CarePayment: Patient financing platform that helps hospitals extend interest-free payment plans for patient balances. Adjacent to C&E—addresses the same HDHP-driven patient responsibility challenge via a financing rather than purchase model.
• Creditorpal: Emerging medical debt purchasing platform focused on monetizing patient balances for provider clients. Overlaps with C&E's acquisition model in the late-stage patient AR segment.

Direct peers

• Convergent Healthcare Recoveries: A major healthcare-focused receivables management firm providing early-out and bad-debt recovery services to hospitals and health systems. Directly comparable to C&E in target customer (hospital CFOs/RCM leaders), regulatory positioning, and service scope.
• Collect Rx: Specializes in purchasing and managing distressed healthcare receivables from hospitals, with a similar buyer-not-collector approach to monetizing patient accounts at scale.
• HealthCare Financial Partners: Purchases distressed and aged patient accounts from healthcare providers, offering upfront cash and assuming collection risk—operationally aligned with C&E's REVENUE 365 model.
• Avadyne Health: Healthcare-exclusive A/R management and bad-debt recovery provider serving hospitals and large health systems. Closely comparable to C&E in vertical specialization and patient-account focus.

Broad incumbents

• Waystar: Large healthcare revenue cycle technology platform with patient estimation, billing, and collections capabilities. Serves the same hospital market as C&E but as a broader incumbent software suite rather than a debt buyer.
• Parallon (HCA Healthcare): End-to-end healthcare revenue cycle services arm of HCA, including A/R management and bad-debt recovery. Serves the same hospital customer profile as C&E but as part of a much broader RCM portfolio.
• MedAssist (Firstsource Solutions): Large-scale healthcare eligibility and receivables management provider with both early-out and bad-debt recovery offerings. Comparable in serving hospital RCM functions, though broader and embedded within a BPO parent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cneacquisition
• LinkedInlinkedin.com/company/c-&-e-acquisition

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about C & E Acquisition Group