ClearLight Partners Sells Portfolio Firm

Newport Beach-based private equity firm ClearLight Partners said earlier this week that it has agreed to sell The Outsource Group, one of its portfolio companies, to Parallon Business Solutions, a subsidiary of HCA Holdings. Financial terms of the deal wre not disclosed. The OutSource Group was based in St. Louis, Missouri, and provides revenue cycle management services to hospitals and physicials. ClearLight said The Outsource Group had annual revenues in excess of $100M. ClearLight has been an investor in The Outsource Group since December of 2004.