A group of top executives at Medical Management Services have agreed to mount a management buyout at the Amherst medical billing and consulting compa y.
The buyout group has agreed to immediately purchase an equity stake in the company from founder and current owner, Dr. Charles S. Tirone, and to completely acquire Medical Management in several years, he said.
Tirone will give up day-to-day management control of the company but will remain as chairman, the company said.
Company President Richard Trigilio will lead the five-member buyout group, which also includes Stephen Tirone, Medical Management's director of planning and development; Daniel Tirone, the firm's chief financial officer; Stephen Tirone, who will be responsible for implementing new billing technology; and Daniel Tirone, a certified public accountant who will oversee marketing, acquisitions and financial institution relationships. Medical Management provides medical billing and related services to more than 600 doctors.