Acquisition Enhances Subrogation and Collection Services Nationwide
(Oklahoma, City, Oklahoma) - Claims Management Resources, Inc. (CMR) announced today the acquisition of Credit Collections, Inc. (CCI), effective January 1, 2013. Under the arrangement, CMR will begin managing CCI on December 17, 2012. With the effective date of the transaction, January 1, 2013, CCI will be renamed Account Management Resources, Inc. (AMR).
CCI was founded in Oklahoma City in 1967 by Jack and Jo Fudge. CCI provides account management and collection of delinquent debts owed to its customers. The Company serves medical and educational institutions throughout Oklahoma and the central United States. CCI’s customer base represents many of the region’s best medical and educational institutions.
CMR was founded as Recovery Specialists, Inc. (RSI) in 1988. CMR is a full-service, damage claim recovery firm specializing in utility and governmental claims throughout the United States. CMR houses a sister company, Advanced Subrogation Resources, Inc (AnSR). Founded in 2010, AnSR leverages CMR’s 25 years of claims recovery experience. AnSR services the nation’s insurance industry providing complete outsourced subrogation services.
“This is an outstanding opportunity for these three companies. CCI ‘s team of strong professionals will integrate very well with our group,” stated John M. “Chip” Fudge, CMR Chairman. “Having owned CCI between 1991 and 1998, the organization and its staff remain important to me. The addition of CCI made perfect sense and we’re looking forward to a strong, productive future for all involved."
The CMR group will now include Claims Management Resources, Inc., Advanced Subrogation Resources, Inc. and Account Management Resources, Inc.The companies are owned and operated by its three partners: “Chip” Fudge, Richard Cook and Bill Haaland.
”This acquisition will bring our total employee count to roughly 150,“ stated Richard Cook. “We will gain important efficiencies through the consolidation of accounting operations and core computer systems. We’re excited with how this new relationship will strengthen our entire team.”
The collaboration of the three companies will offer a niche combination of subrogation and collections services.This will position CMR,AnSR and AMR clients with industry-leading asset damage and account recovery resources.
“As subrogation companies, neither CMR nor AnSR have worked in collections previously," stated Bill Haaland. “Ourstrategic philosophy of ‘Expect Success’ means our clients can anticipate theresults, culture, experience and process needed for successful claims recovery.The addition of CCI and the launching of AMR will help us strengthen this commitment to our customers.”
CMR, AnSR and AMR are headquartered in Oklahoma City. For more information, contact Bill Haaland at 405.606.8221or visit cmrclaims.com, ansrweb.com or cciokc.com.