Navigation Links
Hooper Holmes Announces Sale of Claims Evaluation Division
Date:7/3/2008

BASKING RIDGE, N.J., July 3 /PRNewswire-FirstCall/ -- Hooper Holmes (Amex: HH) today announced the sale of substantially all of the assets of the Company's Claims Evaluation Division (CED), a unit providing independent medical exams primarily for automobile and workers' compensation insurance carriers for use in evaluating claims.

The sale was completed in two transactions for an aggregate purchase price of approximately $5.6 million. In one transaction, the CED's operations in New York State, known as D&D Associates, Allegiance Health and Medimax, were sold to DDA Management Services, LLC. In another transaction, the CED's operations in Michigan, known as the Michigan Evaluation Group, were sold to J&P Michigan Evaluation Group Inc. Both transactions closed on Monday, June 30.

"Divesting the Claims Evaluations Division is a strategic move that will strengthen our balance sheet and enable us to focus on and invest in our core businesses," said Roy H. Bubbs, President and CEO of Hooper Holmes.

The decision to sell the CED was based on several factors, including the subsidiary's limited ability to significantly contribute to the long-term strategic goals of the Company. The company expects to record a net gain of approximately $1.0 million in connection with the transaction.

About Hooper Holmes

Hooper Holmes is the leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. As the leading provider of risk assessment services for the insurance industry, Hooper Holmes provides insurers with the widest range of medical exam, data collection, laboratory testing and underwriting services in the industry.
'/>"/>

SOURCE Hooper Holmes
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Hooper Holmes Names Chris Behling President of Health & Wellness Division
2. Hooper Holmes Launches Health & Wellness Division at 2007 Disease Management Leadership Forum and Integrated Care Summit
3. Hooper Holmes Concludes Sale of Medicals Direct
4. Hooper Holmes to Exhibit at the 2007 Sixth Annual Association of Home Office Underwriters Conference
5. Hooper Holmes Introduces Mature Assessment
6. Hooper Holmes Announces Third Quarter Earnings Release Date and Conference Call Information
7. Hooper Holmes Appoints Leslie Hudson, PhD, to Board of Directors
8. Hooper Holmes Announces Third Quarter 2007 Results
9. Hooper Holmes Marks 50,000 Health and Wellness Screenings
10. Hooper Holmes Updates Guidance
11. Hooper Holmes to Provide Business Update
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2014)... StartX , a nonprofit technology accelerator ... a pioneering institute driving biotechnology innovation at the University ... laboratory customized for the needs of early stage medical ... lab space, named “StartX-QB3 Labs,” is the first research ... Care focused on developing entrepreneurs from academia to industry. ...
(Date:8/27/2014)... NY (PRWEB) August 27, 2014 For ... a new face on plastic surgery when triple-board certified, ... art – figurative clay sculptures he has created from ... precision, authority and artistry at a unique event on ... Space located at 23 Warren Street. The “faces” who ...
(Date:8/27/2014)... (PRWEB) August 27, 2014 Humility of ... program at St. Elizabeth Boardman Health Center in Boardman ... Mall in Niles beginning Sept. 8. , SlimDown teaches ... with regard to food, physical activity and behavior. , ... St. Elizabeth Boardman Health Center and Mondays at St. ...
(Date:8/27/2014)... 27, 2014 Two of Woodland Hills’ ... Jivraj of the Anacapa Dental Art Institute, deal with serious ... complex oral surgery. , So patients can be reluctant to ... sores left from biting their lip or gums. , “The ... by the accidental bite,” Dr. Reshad said. “This canker or ...
(Date:8/27/2014)... 2014 A recent news article in ... list of “Five tips for relieving dry skin.” Sharon ... Kleyne Hour Power of Water radio show describes the ... tips that are seldom reported but which, Kleyne believes, ... Sharon Kleyne is Founder of Bio Logic Aqua Research, ...
Breaking Medicine News(10 mins):Health News:StartX & QB3 Launch Lab for Life Science and Medical Technology Entrepreneurs 2Health News:StartX & QB3 Launch Lab for Life Science and Medical Technology Entrepreneurs 3Health News:StartX & QB3 Launch Lab for Life Science and Medical Technology Entrepreneurs 4Health News:Presenting A Remarkable Fusion of Art, Fashion and Plastic Surgery 2Health News:Humility of Mary Health Partners Offers SlimDown Classes 2Health News:Two of Ventura’s Best Cosmetic Dentists Offer 5 Tips for Dealing with Frequent Tongue or Lip Biting 2Health News:Two of Ventura’s Best Cosmetic Dentists Offer 5 Tips for Dealing with Frequent Tongue or Lip Biting 3Health News:Two of Ventura’s Best Cosmetic Dentists Offer 5 Tips for Dealing with Frequent Tongue or Lip Biting 4Health News:Two of Ventura’s Best Cosmetic Dentists Offer 5 Tips for Dealing with Frequent Tongue or Lip Biting 5Health News:Water Advocate Sharon Kleyne Reports New Discoveries for Relief of Dry Dehydrated Skin 2Health News:Water Advocate Sharon Kleyne Reports New Discoveries for Relief of Dry Dehydrated Skin 3
... by a Holyrood committee’s call for a public inquiry into ... NHS treatments has created ripples.// ,This was the ... reason for limited efforts to track down patients infected with ... inquiry by just one casting vote from convener Roseanna Cunningham. ...
... Journal of Preventive Medicine in its May issue has ... don’t exercise enough, which is highly recommended by the ... ,“People with arthritis are not meeting physical ... experts in the arthritis field,” said co-author Jennifer Hootman, ...
... diet and ALS saying that a ketogenic- high caloric ... (ALS). // The Mount Sinai School of Medicine is ... neuronal cell death, the cause of ALS. ,According ... which spinal and cortical motor neurons die causing relentlessly ...
... May issue of the American Journal of Preventive Medicine, researchers ... // and research on the reason as to why more ... that this was because of obesity which plays a major ... ,The researchers felt that the lifestyle interventions that can be ...
... to be effective in reducing chest pain, not associated ... pain have no identifiable cause // for their pain. ... be severely bothered by their symptom. Particularly, young women ... ,It is not known exactly what causes non-cardiac pain. ...
... was conducted by the London School of Hygiene, to access ... it was found that serious gaps in some national plans ... Italy, Latvia, Lithuania, Romania, Poland and Portugal were the least ... to plan in such a way that they need to ...
Cached Medicine News:Health News:Most People With Arthritis Do Little Or No Exercise At All 2Health News:Obesity The Major Cause Of The Increase In Newly Diagnosed Diabetes 2Health News:Non-Cardiac Chest Pain Can Be Treated By Hypnotherapy 2Health News:Joint Effort among Various Nations to Tackle Bird Flu 2
(Date:8/26/2014)... 26, 2014 Using publicly released 2015 rate ... costs for five common specialty drugs. Specialty drugs ... their high costs and shortage of generic alternatives. ... per prescription, and are used for a broad ... sclerosis. HealthPocket found that among ...
(Date:8/26/2014)... SAN DIEGO , Aug. 26, 2014 /PRNewswire/ ... Sorrento), a late-stage clinical oncology company developing new ... announced that it has received funding to advance ... the potential treatment of IPF, which affects more ... in the lungs increases and patients gradually lose ...
(Date:8/26/2014)... LONDON , August 26, 2014 ... http://www.fdna.com ) and London Medical Databases Ltd. ( http://www.lmdatabases.com ... for the first time, online access to the award ... developer of the Facial Dysmorphology Novel Analysis ... [ TM ] , the only available ...
Breaking Medicine Technology:2015 Platinum Plans Are Best Buy for Consumers Using Expensive Specialty Drugs 2Sorrento Awarded NIH Grant to Advance Immunotherapy Targeting Idiopathic Pulmonary Fibrosis (IPF) 2Sorrento Awarded NIH Grant to Advance Immunotherapy Targeting Idiopathic Pulmonary Fibrosis (IPF) 3FDNA Partners with London Medical Databases (LMD) to Provide Long-Awaited Online Access to Leading Dysmorphology Database 2FDNA Partners with London Medical Databases (LMD) to Provide Long-Awaited Online Access to Leading Dysmorphology Database 3
... Perrigo Company (Nasdaq: PRGO; TASE) today announced that ... all of the assets of Paddock Laboratories, Inc. ("Paddock"), ... products for approximately $540 million in cash. Perrigo expects ... of the acquisition of Paddock,s assets. The net present ...
... Reportlinker.com announces that a new market research ... Hospital Angiography Census ... comprehensive European market report on the installed base ... Angiography, CT, MRI,) and radiology IT systems (PACS, ...
Cached Medicine Technology:Perrigo to Acquire Assets of Paddock Labs for $540 Million 2Perrigo to Acquire Assets of Paddock Labs for $540 Million 3Perrigo to Acquire Assets of Paddock Labs for $540 Million 4Perrigo to Acquire Assets of Paddock Labs for $540 Million 5Reportlinker Adds Hospital Angiography Census 2Reportlinker Adds Hospital Angiography Census 3
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
Medicine Products: