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:10/13/2017)... ... October 13, 2017 , ... ProVest Insurance Group, a family ... and Raleigh regions, is organizing an extended charity drive to benefit the family ... abnormality. , After struggling since birth with several health challenges, T.J. was later ...
(Date:10/13/2017)... ... October 13, 2017 , ... The International Association of Eating ... excellence for the field of eating disorders, announces the opening of early registration ... Orlando, Florida at the Omni Resort at ChampionsGate. , The annual ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Many families have ... many long-term care insurance companies have a waiver for care if the client has ... period, when the family pays for care, is often waived, so the benefits from ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... be giving viewers the lowdown on sciatica in a new episode of "Success ... focuses on current events and innovation and investigates each subject in-depth with passion ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and ... apnea using cutting-edge Oventus O2Vent technology. As many as 18 million Americans ... frequent cessation in breathing. Oral appliances can offer significant relief to about 75 ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... Sept. 25, 2017  EpiVax, Inc., a leader ... and immune-engineering today announced the launch of EpiVax ... of personalized therapeutic cancer vaccines. EpiVax has provided ... access to enabling technologies to the new precision ... lead EpiVax Oncology as Chief Executive Officer. Gad ...
(Date:9/19/2017)... Ky. , Sept. 19, 2017   ZirMed Inc ... predictive analytics, today announced that it has been ranked #1 ... Black Book™ Rankings 2017 User Survey. ZirMed was ... solution for large hospitals and medical centers over 200 beds ... Black Book,s healthcare technology user survey history. ...
(Date:9/12/2017)... LAKES, N.J. , Sept. 12, 2017  Consumer reviews on ... Embrace Hearing as the number one company for hearing aids, ... ReSound™ and fifteen other brands. ... Embrace Hearing Named #1 by Consumers For Hearing Aids ... Embrace Hearing is an online store that provides ...
Breaking Medicine Technology: