About PARC
PARC is a company based in Deerfield Beach (United States) founded in 1997 was acquired by Asset Acceptance in September 2006. It operates as a Commission-Based, and Revenue Share. PARC offers products and services including Healthcare Debt Liquidation and Revenue Cycle Management. PARC operates in a competitive market with competitors including OPEN Health, Moxie, Harrow, Wellesta and W2O Group, among others.
- Headquarter Deerfield Beach, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Premium Asset Recovery Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Asset Acceptance
(Sep 12, 2006)
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Products & Services of PARC
PARC offers a comprehensive portfolio of products and services, including Healthcare Debt Liquidation and Revenue Cycle Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Unpaid medical receivables are purchased for immediate cash.
Support is provided for healthcare revenue cycle optimization.
Funding Insights of PARC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PARC
PARC has secured backing from 1 investor. Prominent investors backing the company include Asset Acceptance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Debt collection and recovery services are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PARC
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PARC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parc Comparisons
Competitors of PARC
PARC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OPEN Health, Moxie, Harrow, Wellesta and W2O Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of healthcare marketing services
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| domain | founded_year | HQ Location |
Medical spa marketing services are provided by Moxie.
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| domain | founded_year | HQ Location |
Ophthalmic products marketing services are provided by Harrow.
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| domain | founded_year | HQ Location |
Marketing support services are provided to healthcare sectors.
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| domain | founded_year | HQ Location |
Marketing communications services are delivered to businesses worldwide.
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| domain | founded_year | HQ Location |
Healthcare marketing services are provided to medical providers and facilities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PARC
When was PARC founded?
PARC was founded in 1997.
Where is PARC located?
PARC is headquartered in Deerfield Beach, United States. It is registered at Deerfield Beach, Florida, United States.
What does PARC do?
Healthcare organizations are supported by PARC through debt liquidation and revenue cycle management solutions. Aged, self-pay accounts are purchased at any stage for maximum value. Services are extended to hospitals, health systems, physician groups, and ambulance providers across the United States. A simple valuation process, fair pricing, and profit-sharing options are offered with full transparency. Compassionate and professional collection efforts are ensured to maintain patient and community relationships. Compliance with financial assistance policies is facilitated to meet community benefit requirements.
Who are the top competitors of PARC?
PARC's top competitors include OPEN Health, Moxie and Harrow.
What products or services does PARC offer?
PARC offers Healthcare Debt Liquidation and Revenue Cycle Management.
Who are PARC's investors?
PARC has 1 investor. Key investors include Asset Acceptance.