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:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June ... , brings up a new, often overlooked aspect of head lice: the parasite’s ability to ... is not a common occurrence, but a necessary one in the event that lice have ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... On Friday, ... presented a Bronze Wellness at Work award to iHire in recognition of their exemplary ... part of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI ...
(Date:6/24/2016)... ... ... in a crisis. Her son James, eight, was out of control. Prone to extreme mood ... something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a ... children and say he was going to kill them. If we were driving on ...
(Date:6/24/2016)... ... ... makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business for a Fair Minimum ... by 2020 and then adjusting it yearly to increase at the same rate as the ... wage floor does not erode again, and make future increases more predictable. , The company ...
(Date:6/24/2016)... ... June 24, 2016 , ... Strategic Capital Partners, LLC (SCP) ... obtaining investment capital for emerging technology companies. SCP has delivered investment events ... in more than a million dollars of capital investment for five companies. ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 2016 Research and Markets has announced ... Analysis 2016 - Forecast to 2022" report to their ... contains up to date financial data derived from varied research ... trends with potential impact on the market during the next ... which comprises of sub markets, regional and country level analysis. ...
(Date:6/23/2016)... Research and Markets has announced the addition of ... their offering. The current ... environment for MedImmune to enter. The US ageing population creates ... drive considerable growth for effective anti-influenza medications. The introduction of ... but development is still in its infancy. ...
(Date:6/23/2016)... June 23, 2016 , , ... July 7, 2016 , , , , LOCATION: , , ... , , , EXPERT PANELISTS:  , , , Frost & ... Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, ... The global pharmaceutical industry is witnessing an exceptional era. Several new ...
Breaking Medicine Technology: