Navigation Links
HealthSmart Completes Acquisition of Klais & Company, Inc.
Date:6/7/2013

Dallas, TX (PRWEB) June 07, 2013

HealthSmart announced today that it has completed the acquisition of Klais & Company Inc., an Akron, Ohio based benefits administrator specializing in healthcare solutions for the employer and student health populations. Terms of the transaction, which was completed on June 6, 2013, were not disclosed. HealthSmart has acquired all of the operating assets and related liabilities of Klais & Company, Inc. and has added approximately 70 Klais & Company employees. It will continue to maintain offices in the Akron, Ohio area. HealthSmart now has annual revenues of approximately $190 million and close to 1,400 employees.

Nancy Archibald, President of Klais & Company, said, “Klais & Company will continue to bring administrative and student health solutions to customers, using HealthSmart’s broad networks and operational capabilities. We are excited about leveraging the Klais team’s strengths and talents with HealthSmart’s 40+ year track record of excellence.”

“During the past two years, HealthSmart has acquired seven other third party administrators,” said Daniel D. Crowley, Chairman of HealthSmart. “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. 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, student health plans and more.”

Jim Pennington, President of HealthSmart, said, “This acquisition fuels our growth strategy, especially in our Eastern Region. In addition, it will further diversify our product and service offerings to now include student health solutions. Both HealthSmart and Klais have customer-centric cultures and strive for excellence on a daily basis. We welcome the employees, clients, and students of Klais & Company to HealthSmart.”

About HealthSmart
For more than 40 years, HealthSmart has offered a wide array of customizable and scalable healthcare administrative solutions. It specializes in self-funded insurance solutions and comprehensive wellness programs for employers through its broker distribution network. 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 Klais & Company
Klais & Company, Inc. was founded in 1978 by Daniel Klais and is located in Akron, Ohio. As a Third Party Administrator (TPA), it was originally focused on the administration of traditional employer-sponsored, self-funded group health plans. As the business developed, it gained a core competency around administration of student health plans, servicing both fully-insured and self-funded markets. A vast majority of Klais’ revenues are derived from the student sector, with more than 150,000 students in Klais programs. The remaining revenues are generated from commercial self-funded health plans.

Read the full story at http://www.prweb.com/releases/2013/6/prweb10812281.htm.


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

Related medicine news :

1. HealthSmart Acquires Mountain States Administrative Services
2. HealthSmart Appoints Vincent W. Sowards as Assistant Vice President of Network Development
3. New Talent Joins the HealthSmart Account Management Team
4. HealthSmart Completes Acquisition of Wells Fargo Disability Management Unit
5. HealthSmart Appoints Loren W. Claypool as Executive Vice President of Eastern Region
6. EliNext Completes Development of a Series of Virtual Reality Interactive 5D Simulation Games on Unity 3D
7. Mayo Clinic completes first genome-wide analysis of peripheral T-cell lymphomas
8. IRSC Student Completes 75-Hours of Work for Degree at Martin County PPEC
9. Halcyon Completes First Acquisition in South Georgia
10. Dr. Silberg Completes LANAP Laser Evolution 5 Training
11. University of Maine Football Completes Ground-Breaking Team Leadership and Emotional Intelligence Training Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX ... Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package transforms over ... Cut Pro X . Simply select a ProHand generator and drag it above media ...
(Date:6/25/2016)... ... 25, 2016 , ... Dr. Calvin Johnson has dedicated his ... implemented orthobiologic procedures as a method for treating his patients. The procedure is ... to perform the treatment. Orthobiologics are substances that orthopaedic surgeons use to help ...
(Date:6/24/2016)... , ... June 24, 2016 , ... A recent ... most people are unfamiliar with. The article goes on to state that individuals are ... many of these less common operations such as calf and cheek reduction. The Los ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Marcy was in a crisis. Her son ... lash out at his family verbally and physically. , “When something upset him, he couldn’t ... would use it. He would throw rocks at my other children and say he was ...
(Date:6/24/2016)... CA (PRWEB) , ... June 24, 2016 , ... ... is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... 26, 2016 Story Highlights: ... models within the health care industry is causing providers ... , Deloitte offers a suite of solutions for ... impacting efficient cost optimization: labor resource analysis, revenue cycle ... facilitate better outcomes and better economics ...
(Date:6/24/2016)... 2016   Bay Area Lyme Foundation , ... Center for Tick Borne Illness , Harvard Medical ... Hacking Medicine, University of California, Berkeley, and the ... five finalists of Lyme Innovation , the ... 100 scientists, clinicians, researchers, entrepreneurs, and investors from ...
(Date:6/24/2016)... 24, 2016 Dehaier Medical Systems Ltd. (NASDAQ: ... develops, markets and sells medical devices and wearable sleep ... a strategic cooperation agreement with Hongyuan Supply Chain Management ... on June 20, 2016, to develop Dehaier,s new Internet ... agreement, Dehaier will leverage Hongyuan Supply Chain,s sales platform ...
Breaking Medicine Technology: