Navigation Links
HealthSmart Announces Agreement to Acquire Mutual Assurance Administrators, Inc.

Dallas, Texas (PRWEB) October 01, 2013

HealthSmart Holdings, Inc. announced today that it has entered into a definitive agreement to acquire Mutual Assurance Administrators, Inc. and its affiliates, Pittman & Associates, Inc., BMI-HealthPlans, Inc. and Mutual Assurance Administrators, Inc. of Texas (collectively, MAA). MAA is a full-service, broker-driven, regional third party administrator (TPA) headquartered in Oklahoma City, Oklahoma. Terms of the transaction were not disclosed.

MAA offers claims administration services for self-funded benefit plans. HealthSmart will acquire all operating assets and related liabilities of MAA. Following the completion of the transaction, HealthSmart will have gross annual revenues of nearly $200 million, employ more than 1,400 workers and manage more than $6 billion in claims. Additionally, HealthSmart will expand its presence to include office locations in Oklahoma City, OK; Bartlesville, OK; Springfield, MO; Little Rock, AR; Memphis, TN; Houston, TX; and Jackson, MS.

Todd Archer, President of Mutual Assurance Administrators, said, “MAA’s flexible approach to benefits management allows its clients to establish the best possible programs to meet their specific needs. We are excited about leveraging the MAA team’s strengths and talents with HealthSmart’s 40+ year track record of excellence.”

“We are very focused on creating economies of scale that allow us to provide our clients with high quality solutions at the best possible value,” noted Daniel D. Crowley, Chairman of HealthSmart. “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.”

Jim Pennington, President of HealthSmart, added, “We are very excited about the opportunities this acquisition brings to HealthSmart. As we continue to broaden our national reach, HealthSmart remains dedicated to creating value for our customers. This acquisition fuels our national growth strategy and brings additional service capabilities to more clients. Both HealthSmart and MAA have customer-centric cultures and strive for excellence on a daily basis. We look forward to blending the strengths of both these organizations to provide synergies and give an edge over our competition.”

Stephens Inc. acted as financial advisor to MAA in this transaction.

About HealthSmart
For more than 40 years, HealthSmart has offered a wide array of customizable and scalable health plan solutions for self-funded employers. HealthSmart’s comprehensive service suite addresses individual health from all angles. This includes claims and benefits administration, provider networks, pharmacy services, business intelligence, onsite employer clinics, care management, a variety of health and wellness initiatives and web-based reporting. The Company's headquarters is in Irving, Texas, with regional hubs throughout the country. HealthSmart’s mission is to improve member health and reduce healthcare costs.

About Mutual Assurance Administrators
Founded in 1975, MAA is headquartered in Oklahoma City, Oklahoma. The Company currently serves approximately 123,000 total covered lives administered under medical plans targeting clients in the 150 to 1,500 employer range size. Mutual Assurance Administrators has developed a high touch customer service model, implemented exceptional cost controls and become a valued resource for its broker’s and client’s management staff. In addition, the Company accesses multiple third-party networks on behalf of its clients.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Marty Sholder Joins HealthSmart as Executive Vice President of Network Solutions
2. John Fischer Promoted to Executive Vice President of HealthSmart’s Western Region
3. HealthSmart Completes Acquisition of Klais & Company, Inc.
4. HealthSmart Appoints Loren W. Claypool as Executive Vice President of Eastern Region
5. HealthSmart Completes Acquisition of Wells Fargo Disability Management Unit
6. New Talent Joins the HealthSmart Account Management Team
7. HealthSmart Appoints Vincent W. Sowards as Assistant Vice President of Network Development
8. HealthSmart Acquires Mountain States Administrative Services
9. SASMAR Announces FDA Approval for Its Personal Lubricants in the United States
10. Health Heroes Announces New Episode Airing October 27, 2013 on Fox Business
11. One of the Largest DNA Testing Companies in the World, Announces $5,000 College Merit Scholarship
Post Your Comments:
(Date:11/27/2015)... PITTSBURGH, PA (PRWEB) , ... November 27, 2015 ... ... of how filthy the toilets were," said an inventor from Hillside, N.J. "Many ... this improved seat cover so that individuals will always be protected from germs." ...
(Date:11/27/2015)... ... November 27, 2015 , ... Consistent with the ... 2016 Building Better Radiology Marketing Programs meeting will showcase some of the ... 2016, at Caesars Palace in Las Vegas with a pre-conference session on a ...
(Date:11/27/2015)... ... November 27, 2015 , ... CBD College is proud ... Education Programs (CAAHEP) awarded accreditation to its Diagnostic Medical Sonography program. CBD College is ... only one of twelve colleges and universities in the state of California make the ...
(Date:11/26/2015)... ... November 26, 2015 , ... Patients at Serenity Point ... come together on Thanksgiving Day to share the things that they are most ... Serenity Point YouTube channel, patients displayed what they wrote on index cards, describing ...
(Date:11/26/2015)... ... November 26, 2015 , ... Jobs in hospital medical laboratories and in ... by healthcare staffing agency Aureus Medical Group . These fields, as ... among those searching for healthcare jobs through the company’s website, , ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... -- Research and Markets ( ) has ... Horizons and Growth Strategies in the Italian Therapeutic ... Forecasts, Competitive Intelligence, Emerging Opportunities" report to ... --> This new 247-page report provides ... monitoring market, including emerging tests, technologies, instrumentation, sales ...
(Date:11/25/2015)... global healthcare industry is expected to grow at a rate ... has the highest projected growth at 12.7%, and ... is second with growth projected at 11.5%. ... 2013-2014, total government funded healthcare was nearly 68%. Federal government ... 2013-2014. In real terms, out of pocket expenditure increased by ...
(Date:11/25/2015)... , Nov. 25, 2015 AAIPharma ... planned investment of at least $15.8  Million to ... Wilmington, NC . The expansion will ... to meet the growing demands of the pharmaceutical ... site expansion will provide up to 40,000 ...
Breaking Medicine Technology: