News
Leading transatlantic law firm Womble Bond Dickinson helped guide Frontier Growth portfolio company AccessOne, a leading provider of inclusive Care Now, Pay Later patient financing solutions that help consumers manage their healthcare costs, on its acquisition of CueSquared, a one-touch mobile payment platform that simplifies the collection efforts of patient self-pay balances, allowing consumers to easily access and pay their bills anywhere, at any time. The acquisition will allow AccessOne to expand its solution portfolio with a mobile billing and payment platform that has proven to increase self-pay revenue, accelerate payments and reduce the cost to collect at some of the nation’s leading healthcare providers.
D. Scott Anderson and Patrick Strubbe led the multidisciplinary Womble Bond Dickinson team that represented Frontier Growth and AccessOne in the deal. The team included corporate associate Jake Rifkin, tax partner Mark Wiley, benefits partner Patrick Allen, privacy and cybersecurity team chair Tara Cho, executive compensation partner Jane Jeffries Jones, intellectual property partner Mike Tobin, communications, technology & media partner Marty Stern, and FinTech partner Ted Claypoole.
With flexible payment terms, no credit reporting, and no one turned away, AccessOne partners with health systems to offer co-branded patient financing that helps providers reach more patients in their communities who need care, while meaningfully lowering the financial barriers to receiving high-quality healthcare. Physician-founded AccessOne is designed to empower patients to get the care they need while supporting health systems’ financial performance and patient experience.
Founded in 2017, CueSquared’s mission is to simplify the patient payment experience. CueSquared MobilePay creates a superior patient payment experience using automated SMS messages to deliver billing statements and collect payments directly. There’s no app to download or portal to log into. This streamlined approach improves cash flow, increases self-pay revenue, and lowers the overall cost to collect while strengthening existing payment collection channels.
Frontier Growth provides support for growth – both investment capital and operational expertise – primarily for software companies with $5 million to $30 million in revenue. In recent years, the Womble Bond Dickinson team has guided Frontier and its portfolio companies in numerous acquisitions, investments, recapitalizations and divestitures.
Read more about AccessOne and the CueSquared acquisition here.
Read Frontier Growth’s announcement here.
