Navigation Links
HealthSmart Acquires Mountain States Administrative Services
Date:1/22/2013

Dallas, Texas (PRWEB) January 22, 2013

HealthSmart Holdings, Inc. today announced that it continues to expand its national footprint with the acquisition of Mountain States Administrative Services, a division of Lovitt & Touché, Inc., one of the largest brokerage firms in the nation. While terms of the transaction were not disclosed, HealthSmart has acquired all of Mountain States operating assets relating to third-party administration (TPA) services, effective December 31, 2012.

Mountain States is based in Tucson, Arizona, and provides partially self-funded employer benefits administration through the development of customized plans designed to maximize cost savings while maintaining employee satisfaction. The company administers healthcare benefits to approximately 26,000 individuals across 46 states. As part of the transaction, 42 Mountain States employees will join HealthSmart.

Kathy Major, Executive Vice President of HealthSmart Benefit Solutions, will oversee the operations of Mountain States, along with HealthSmart's existing western region operations in Denver, supporting the Company’s delivery of value-driven healthcare solutions to a nationwide client base.

“We welcome the Mountain States clients and employees to the growing HealthSmart family,” said Daniel D. Crowley, Chairman of HealthSmart. “We are a natural fit for TPAs seeking a strong partner, and we have completed four such acquisitions in the past year. Our size, geographic coverage and high quality, integrated managed care offerings make it possible for HealthSmart to meet the health benefit needs of self-funded employer groups of all sizes.”

Jim Pennington, President of HealthSmart, said, “This acquisition builds on our national growth strategy, and we are excited to have a footprint in the Arizona market and to continue to expand our capabilities in the western part of the U.S. The business culture of the two organizations makes this a positive transaction for employees and clients. We are pleased to have the Mountain States team join HealthSmart.”

Steve Touché, President of Lovitt & Touché, Inc., said, “Mountain States was started almost 40 years ago to provide customized services to our clients. Our customer service and entrepreneurial spirit have allowed us to deliver creative solutions that meet the individual needs of our clients. That spirit will continue with HealthSmart, leveraging their managed care resources and strong service and technology platforms for our clients.”

About HealthSmart
HealthSmart is based in Irving, Texas and has several service locations across the country. HealthSmart is dedicated to delivering integrated, self-funded solutions via proprietary products and services, including benefit administration, provider networks and care management. HealthSmart’s mission is to improve health while reducing overall healthcare costs.

Read the full story at http://www.prweb.com/releases/2013/HealthSmartAcquiresMSA/prweb10285909.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Crystal Travel Center in Thousand Oaks Acquires New Cruise Deal to Help Members Travel More
2. USHEALTH Group, Inc. Acquires Enterprise Life Insurance Company
3. Visiopharm Acquires Digital Pathology Consultants
4. Oxford University Press acquires American Journal of Hypertension
5. Oxford University Press acquires joint ownership of Journal of Surgical Case Reports
6. 23andMe acquires CureTogether, Inc.
7. New Rocky Mountain Architectural Hardware Series Combines Artisan-quality Style and Beauty with CuVerro® Antimicrobial Copper
8. Public ecology could help resolve mountaintop mining issues
9. Marilyn B. Gula Mountains of Hope Foundation grants $100,000 to TGen
10. Is acetazolamide effective and safe for preventing acute mountain sickness?
11. Be Present Welcomes Wanderlust Festival to Copper Mountain, Colorado
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... , ... October 13, 2017 , ... ... be giving viewers the lowdown on sciatica in a new episode of "Success ... focuses on current events and innovation and investigates each subject in-depth with passion ...
(Date:10/12/2017)... ... 2017 , ... First Healthcare Compliance (FHC), an industry leader ... range of technology and learning solutions at the 68th Annual American Healthcare Association ... held October 14–18, 2017 at the Mandalay Bay Resort in Las Vegas, Nevada. ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ), ... of an innovative new design of the shoulder pad. The shoulder pad provides ... while controlling your pain while using cold therapy. By utilizing ice and water that ...
(Date:10/12/2017)... ... 2017 , ... Dr. Parsa Mohebi, the Los Angeles based ... the newly revamped Cosmetic Town journal section, featuring articles written by ... as Follicular Unit Extraction (FUE). , Dr. Mohebi says “I enjoy ...
(Date:10/12/2017)... ... October 12, 2017 , ... Women-owned and Grand Rapids-based workplace ... Brightest in Wellness® by Best and Brightest. OnSite Wellness will be honored at ... from 7:30 a.m. to 2 p.m. at the Henry Autograph Collection Hotel, located ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... , Oct. 2, 2017  Eli Lilly and ... financial results for the third quarter of 2017 on ... conference call on that day with the investment community ... The conference call will begin at 9 ... can access a live webcast of the conference call ...
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
(Date:9/23/2017)... , Sept. 22, 2017 Janssen Biotech, Inc. ... response letter from the U.S. Food and Drug Administration ... of sirukumab for the treatment of moderately to severely ... additional clinical data are needed to further evaluate the ... severely active RA. ...
Breaking Medicine Technology: