Predict your next investment

FINANCIAL | Insurance
troversolutions.com

See what CB Insights has to offer

Stage

Merger | Merged

About Trover Solutions

Trover Solutions is a leading independent provider of comprehensive cost containment services and software to the private healthcare payer and property and casualty industries. Trover provides a wide range of cost containment solutions including insurance subrogation, overpayments recovery, clinical bill auditing, and litigation management.

Trover Solutions Headquarter Location

9390 Bunsen Parkway

Louisville, Kentucky, 40220,

United States

800-926-4353

Latest Trover Solutions News

Franklin Square provides financing for New Mountain Capital's acquisitions

Mar 4, 2016

Fri, 04/03/2016 - 09:26 Acquisitions Franklin Square Capital Partners has provided a USD260 million unitranche term loan to support the acquisition and combination of Trover Solutions and Equian by New Mountain Capital, a New York-based alternative investments firm that manages approximately USD15 billion of private equity, public equity and credit assets. The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (GSO). The combination of Equian and Trover brings together businesses with complementary expertise offering payment integrity solutions to commercial health plans and other insurance providers. Equian is a leading payment integrity platform providing solutions to facilitate and reconcile payments in the complex environments of healthcare and property & casualty insurance. Equian has a wide range of solutions including pre-payment accuracy and containment and post-payment reconciliation and recovery services, generating hundreds of millions in savings for customers. Trover is a leading independent vendor of comprehensive cost containment services and software to the private healthcare payer and property & casualty insurance industries. Trover provides a wide range of cost containment solutions including insurance subrogation, overpayments recovery, clinical bill auditing and litigation management. The combination will be known as Equian going forward. "Trover and Equian are a natural business combination with complementary offerings that we believe will create significant growth opportunities," says Brad Marshall, Senior Managing Director at GSO. "Our investment in Trover and Equian demonstrates our ability to provide portfolio companies and financial sponsors customised credit solutions quickly and efficiently without concern for syndication risks or delays," says Michael C Forman, Chairman and Chief Executive Officer of FSIC, FSIC II and FSIC III.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Trover Solutions Patents

Trover Solutions has filed 5 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/6/2011

7/8/2014

Equity (law), Insurance, Insurance law, Legal professions, Legal terminology

Grant

Application Date

6/6/2011

Grant Date

7/8/2014

Title

Related Topics

Equity (law), Insurance, Insurance law, Legal professions, Legal terminology

Status

Grant

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.