Xtend Healthcare's RCM reentry

In today's NBJ, Jenny Burns does about as well as anyone could in guiding us through the winding trail that has led former Advanced Receivables Strategy Inc. executives to gain control of what is now Sumner County-based Xtend Healthcare LLC, a business previously associated with the names TransCend Healthcare LLC, Healthcare Management Resources (HMR) and Xtensia. Former ARS execs who are now Xtend CEO Tom O'Neill and Xtend President Howard Kirschner -- plus former Xtensia/TransCend owner and now COO Paul La Scola -- are all apparently happy to be back in the revenue-cycle and practice-management field. Worth noting: NBJ says that along the way, HMR became embroiled in litigation with VCs Salix Ventures, Petra Capital and Clayton Associates, after HMR officers and owners were charged with inflating numbers. NBJ says the dispute was resolved through a court-sealed settlement. Bottom line: the new management teams says it'll grow the now-60-employee company to reach the fabled "next level." Here's the NBJ story.