Jerry Connelly

In 2014, Housatonic backed Jerry Connelly in the acquisition of Health Care Financial Resources (HFRI), a provider of revenue cycle management solutions to hospitals throughout the U.S.

In 2021, following two strategic add-on acquisitions, HFRI rebranded to ParaRev, reflecting the Company’s full suite of revenue cycle management services, from front-end charge master analysis and contract management to end-of-cycle zero-balance underpayment and denial recovery. In 2022, ParaRev was acquired by a PE-backed industry strategic in a highly successful outcome.