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)... Nevada (PRWEB) , ... October 13, 2017 , ... ... Hemp CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil ... required and providing a CBD form that can be easily incorporated into liquid products, ...
(Date:10/13/2017)... ... October 13, 2017 , ... Many families have long-term insurance that covers care ... have a waiver for care if the client has a cognitive impairment diagnosis. ... for care, is often waived, so the benefits from their insurance start immediately,” said ...
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer ... one of the most popular and least understood books in the Holy Scriptures, Revelation. ... descriptions that have baffled scholars for centuries. Many have tossed it off as mere ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... “America On ... Christian identity. “America On The Brink” is the creation of published author, William ... several great-grandchildren. As a WWII veteran, he spent thirty years in the Navy. ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... to meet the demand of today’s consumer and regulatory authorities worldwide. From Children’s ... experts and tested to meet the highest standard. , These products are ...
Breaking Medicine News(10 mins):
(Date:9/12/2017)... PARIS and NEW YORK , Sept. 12, ... ethical performance ratings for global supply chains, has published the first annual ... the CSR performance of more than 20,400 companies evaluated by EcoVadis, based ... years 2015 and 2016. ... EcoVadis Global CSR Risk & Performance Index ...
(Date:9/12/2017)... SAN FRANCISCO , Sept. 12, 2017 /PRNewswire/ ... Lifecycle Management Solutions (VLMS), is pleased to announce ... as a member of its Board of Directors ... 2017. ValGenesis VLMS enables life science companies to ... eliminate the use of paper in this process. ...
(Date:9/9/2017)... Dealmed Medical Supplies, New York ... supplies, drugs, vaccines, and specialty medical products and services, ... to acquire Vantage Medical Supplies, a major distributor of ... New York . ... medical practices, will operate under the Dealmed name as ...
Breaking Medicine Technology: