Navigation Links
HealthSmart Completes Recapitalization to Support Continued Growth, Daniel D. Crowley Named Chairman
Date:11/22/2009

HealthSmart, an innovative healthcare benefit solutions company, today announced that it has successfully completed a recapitalization with Silver Point Capital, L.P. and the Company’s other lenders. Silver Point Capital, L.P. is a private investment firm based in Greenwich, Connecticut. This recapitalization allows the Company to continue its growth and executing its business strategy.

(PRWEB) November 22, 2009 -- HealthSmart Holdings, Inc., an innovative healthcare benefit solutions company, today announced that it has successfully completed a recapitalization with Silver Point Capital, L.P. and the Company’s other lenders. Silver Point Capital, L.P. is a private investment firm based in Greenwich, Connecticut.

Over the past decade, HealthSmart has generated robust growth, in part, through a strategic merger and acquisition program. This recapitalization allows the Company to continue its growth and executing its business strategy.

HealthSmart founder and Chief Executive Officer Ted Parker said, “We have solid financial footing and partners who are committed to HealthSmart’s growth. Completing this recapitalization builds on our relationship with Silver Point, and our other lenders, and provides us with access to capital to pursue our vision.”

HealthSmart also announced today that Daniel D. Crowley has been named Chairman of the Company’s Board. Mr. Crowley is the founder of Dynamic Healthcare Solutions, a firm that invests in and consults with healthcare firms. Through Dynamic, Mr. Crowley has served as senior advisor to a number of major investment firms as well as serving on the boards of numerous healthcare companies and as senior management advisor and interim executive for a variety of healthcare services companies. Mr. Crowley previously was CEO and Chairman of Foundation Health Corporation and prior to that he was the Executive Vice-President of Blue Cross Blue Shield of Ohio.

About HealthSmart
HealthSmart Holdings, Inc. (HealthSmart) is an innovative healthcare benefit solutions company serving more than 1.75 million members and managing more than $3.2 billion in claims through service operations around the country. HealthSmart provides integrated solutions, on a single administrative platform, to over 8,500 employer groups and partners through its wholly owned healthcare related subsidiaries. The Company’s products and services include employee benefit and workers compensation administration, nationwide preferred provider networks, predictive population management and wellness programs, prescription benefit management, on-site primary care clinics and reinsurance and stop-loss management. HealthSmart’s mission is to improve member health, reduce costs and deliver “smarter” healthcare benefit solutions.

http://www.healthsmart.com

# # #

Read the full story at http://www.prweb.com/releases/2009/11/prweb3242524.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Rights Tracker Completes Fundraising
2. NHC Group CEO, Paul Mirabelle announces National Hearing Care Completes Acquisition of Bay Audiology
3. BCS Global Completes Polycom Telepresence VNOC (Video Network Operations Center) Provider Program
4. JGI Completes Successful Upgrade of ADP Enterprise V5 at Washington Hospital Healthcare System
5. Select Medical Holdings Corporation Successfully Completes Initial Public Offering of Common Stock
6. University Medical Center Mainz Completes Installation of Masimo Noninvasive and Continuous Hemoglobin Throughout Their Operating Rooms, Intensive Care Units and Emergency Department
7. Healthcare Trust of America, Inc. Completes Acquisition of 856,000 SF Greenville Hospital System Medical Office Building Portfolio
8. Inspector General Completes Study of VA Endoscopic Programs
9. NewCardio Completes $2.9 Million Private Placement
10. InVitria Successfully Completes Beta Testing and Announces Commercial Launch of Optiferrin for Mammalian Cell Culture
11. Hard To Treat Diseases (HTDS) MEVAC-A Completes Tender For Bangladesh
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
HealthSmart Completes Recapitalization to Support Continued Growth, Daniel D. Crowley Named Chairman 
(Date:5/29/2017)... ... 29, 2017 , ... A New York high tech innovator and a Canadian ... effectiveness of Artificial Intelligence (AI) in helping nudge men forward to be more proactive ... President of the Canadian Men’s Health Foundation (CMHF), whose mission is to inspire men ...
(Date:5/28/2017)... ... May 28, 2017 , ... Florida ... to announce that Sheldon K. Cho, MD, has joined its Winter Haven practice. ... that concentrates on minimally invasive techniques to treat and manage many types of ...
(Date:5/27/2017)... , ... May 27, 2017 , ... From May 21-23, ... Oticon. The three-day event was held at the Marriott Syracuse Downtown Hotel in Syracuse, ... hearing brand and network of independent hearing healthcare providers to help them stay ahead ...
(Date:5/26/2017)... ... May 26, 2017 , ... The Radiology Business ... focus on current legislative activity and the latest regulatory concerns impacting RBMA members. ... Sept. 10, and will continue through Monday, Sept. 11, at the Ritz-Carlton, Tysons ...
(Date:5/26/2017)... (PRWEB) , ... May 26, 2017 , ... ... the first ever copper, antimicrobial, mesh back 24/7 task chair specifically designed for ... applications. “We are thrilled to partner with Cupron® to provide customers with ...
Breaking Medicine News(10 mins):
(Date:5/10/2017)... , May 10, 2017 Radiology has become ... its costs have also spiraled to the number one ... to radiology than ever before as the most complete ... a patient with lower back pain an MRI may ... reason for pain, resulting in entirely different treatment protocols.  ...
(Date:5/9/2017)... , May 9, 2017  Oramed Pharmaceuticals ... ), a clinical-stage pharmaceutical company focused on the ... that the Canadian Intellectual Property Office has granted ... Oral Administration of Exenatide". The patent covers Oramed,s ... GLP-1 is an incretin hormone that ...
(Date:5/6/2017)... 2017   Provista , a proven leader in the ... today announced Jim Cunniff as the company,s new ... business experience to Provista, including most recently serving as the ... California . He assumed his new role with Provista ... fit for Provista," says Jody Hatcher , president, Sourcing ...
Breaking Medicine Technology: