Navigation Links
HealthSmart Completes Acquisition of Mutual Assurance Administrators, Inc.
Date:11/20/2013

Dallas, TX (PRWEB) November 20, 2013

HealthSmart Holdings, Inc. announced today it has completed its acquisition of 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.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11355431.htm.


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

Related medicine news :

1. HealthSmart Announces Agreement to Acquire Mutual Assurance Administrators, Inc.
2. Marty Sholder Joins HealthSmart as Executive Vice President of Network Solutions
3. John Fischer Promoted to Executive Vice President of HealthSmart’s Western Region
4. HealthSmart Completes Acquisition of Klais & Company, Inc.
5. HealthSmart Appoints Loren W. Claypool as Executive Vice President of Eastern Region
6. HealthSmart Completes Acquisition of Wells Fargo Disability Management Unit
7. New Talent Joins the HealthSmart Account Management Team
8. HealthSmart Appoints Vincent W. Sowards as Assistant Vice President of Network Development
9. HealthSmart Acquires Mountain States Administrative Services
10. G4S Technology LLC completes Fiber to the Home Network for UC2B in Illinois
11. Human Circuit Completes Town of Vienna’s Council Chambers and Live Cable TV Broadcasting Project
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/22/2017)... ... August 22, 2017 , ... Five Star Glass is new to the Texas market, but ... of auto glass for most makes and models, in Grand Prairie, TX, located in the ... They have been a family owned business for the past 40 years with 32 convenient ...
(Date:8/22/2017)... ... , ... “Glimpses Of Light”: is a unique and thought inspiring guide ... creation of published author, J.M. Shepherd, a writer, teacher, traveler, and metaphysician, the author ... , Shepherd shares, “Love is one of the least understood and yet most sought-after ...
(Date:8/21/2017)... MO (PRWEB) , ... August 22, 2017 , ... PracticeMatch, ... fairs to help healthcare employers connect with physicians and advanced practitioners like nurse ... virtual career fairs in August through November of this year. The online career ...
(Date:8/21/2017)... ... 2017 , ... SportsEngine, Inc. , a division of ... of North Country Region Volleyball and will power registration, scheduling, and competition results ... sport management software to their member clubs. , SportsEngine provides financial ...
(Date:8/21/2017)... ... , ... PIXACORE , an independent full-service agency with a decade of ... the year by MM&M. , This is the first time PIXACORE has made the ... agency. PIXACORE’s newfound recognition reflects its steady trajectory of growth and recent strategic ...
Breaking Medicine News(10 mins):
(Date:7/31/2017)... 2017 Three Tru-D SmartUVC robots have arrived at ... . Tru-D, short for "Total Room Ultraviolet Disinfection," is a 5-foot-5 ... environmental services (ES) professional cleans the area with traditional cleaning protocols. ... Tru-D fights germs at ... "Although the BAACH has a very low ...
(Date:7/27/2017)... 27, 2017  Zimmer Biomet Holdings, Inc. (NYSE and ... June 30, 2017.  The Company reported second quarter net ... the prior year period, and an increase of 2.1% ... points of contribution from the LDR Holding Corporation acquisition, ... quarter of 2016, or 0.3% on a constant currency ...
(Date:7/26/2017)... 26, 2017 Sancilio Pharmaceuticals Company, Inc. (SPCI) ... trial evaluating Altemia TM , an oral therapy for ... Cell Disease (SCD). The SCOT Trial, is a double-blind, ... safety of Altemia TM in pediatric patients aged ... IND 125274. "The ...
Breaking Medicine Technology: