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:5/26/2016)... ... May 26, 2016 , ... Despite last week’s media reports hinting at a ... to wait until March 2017 for an interest rate increase, according to Rajeev Dhawan ... Business. , “The Federal Open Market Committee (FOMC) dot charts are of interest to ...
(Date:5/26/2016)... St. Louis, Missouri (PRWEB) , ... May 26, ... ... optimal cost, quality and clinical outcomes, hosted members and suppliers for its inaugural ... with a focus on their mission of elevating the operational health of America’s ...
(Date:5/26/2016)... ... 26, 2016 , ... The Woodlands at John Knox Village , Florida’s ... care for living and healing, celebrated its grand opening, today. The Woodlands at John ... provided by Empowered Staff. , “This is an incredibly fulfilling time for John Knox ...
(Date:5/26/2016)... N.J. (PRWEB) , ... May 26, 2016 , ... ... delivery technologies and development solutions for drugs, biologics, consumer health and global clinical ... sales office in Korea to support the company’s continued investment and strategic growth ...
(Date:5/26/2016)... ... , ... Memorial Day Weekend marks the unofficial start of summer and the ... make sure your family and vehicle are ready to hit the road this weekend. ... deaths and an additional 50,500 serious injuries from motor vehicle crashes during the three-day ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... , May 25, 2016  Zymo Research Corp. ... their new reference materials that help researchers obtain ... collection to analyses. The rapid growth of the ... researchers to have standard methods to improve the ... Biases inherently exist at every step of the ...
(Date:5/25/2016)... May 25, 2016  Granger Diagnostics today announced immediate ... wounds and infections. This test ensures discovery of ... viruses. The test requires only a simple swab of ... David G. Bostwick , MD, Chief Medical ... wound healing: "We are excited to make available, ...
(Date:5/25/2016)... , May 25, 2016 ... H1 2016"market research report that provides an overview ... comparative analysis at various stages, therapeutics assessment by ... administration (RoA) and molecule type, along with latest ... also reviews key players involved in the therapeutic ...
Breaking Medicine Technology: