Navigation Links
INSPIRIS Acquires Care Level Management
Date:6/25/2008

Buyout augments existing business in Philadelphia, New York and Phoenix markets, adds new markets in Tucson, Melbourne, Fla., and San Antonio

BRENTWOOD, Tenn., June 25 /PRNewswire-USNewswire/ -- INSPIRIS, the Brentwood, Tenn.-based provider of care and care management services for frail and chronically ill seniors, announced that it has reached agreement to acquire Care Level Management of Woodland Hills, Calif. Care Level Management provides physician care and care management services to enrolled patients in their homes on behalf of their respective health plans.

"INSPIRIS has been in the process of expanding our service line offerings to include frail, medically complex patients living in an individual home based setting. This acquisition accelerates our movement into this large, underserved market segment," said Mike Tudeen, INSPIRIS' president and chief executive officer. "This is an attractive move for INSPIRIS, not only because of the significant market presence and service offering expansions, but because the companies are almost identical in terms of delivery model, patient care philosophy and culture."

Care Level Management filed for bankruptcy protection on May 5, largely as a result of the loss of a large CMS demonstration project in December 2007. During the proceedings, INSPIRIS worked closely with Care Level Management's executive team as well as the United States Bankruptcy Court (Central District of California - San Fernando Valley Division), to ensure that services to a very vulnerable patient population were not disrupted.

INSPIRIS' core business focus is improving the quality of life for the frail elderly, the chronically ill and those with disabilities, while reducing the cost to Medicare Advantage, Medicaid and commercial health plans. INSPIRIS nurse practitioner-led teams provide services to enrollees primarily in the nursing home and assisted living settings. INSPIRIS also offers hospice care services in a number of markets.

The Care Level Management acquisition will add 1,600 high risk patients, more than 50 experienced employees, three new geographic markets, expansion of three current markets, and several new health plan customers. The acquisition increases the number of patients under INSPIRIS' care by more than 35 percent.

"This is both a strategic and a synergistic acquisition for INSPIRIS," Tudeen said. "We are delighted to move forward with the addition of Care Level Management's expertise and positive program outcomes. Combined, the two companies offer a broad, very attractive set of services to health plans who are trying to improve quality and lower costs on a very expensive, underserved, subset of their membership. Most importantly, the services make a tremendous difference in the lives of the frail patients, and their families, that we serve."

About INSPIRIS

INSPIRIS is a unique health care management company focused on improving the quality of life for the frail elderly, chronically ill and those with disabilities, while reducing the cost to Medicare Advantage health plans. INSPIRIS partners with individual health plans to coordinate and provide care across the diverse settings where members need care, including post-acute, custodial, assisted living and hospice. For more information about INSPIRIS, visit http://www.inspiris.com.

For further reading about the INSPIRIS way: http://www.inspiris.com/newsarchive/IB_20061214.pdf


'/>"/>
SOURCE INSPIRIS
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. INSPIRIS and Mercy Care of Arizona Named Winners in URACs Best Practices in Consumer Empowerment and Protection Awards
2. American Specialty Health and INSPIRIS Win Top Honors in URACs Best Practices in Consumer Empowerment and Protection Awards
3. Stuart Altman, Ph.D. Joins INSPIRIS Board of Directors
4. Expansion and Growth Spur INSPIRIS Executive Leadership Promotions
5. MAP Pharmaceuticals Acquires Proprietary Drug Particle Formulation Technology From Eiffel/Telesso Technologies Limited
6. Johnson & Johnson Nordic AB Acquires Amic
7. Strativa Pharmaceuticals Acquires Commercialization Rights to Thin Film Formulation of Ondansetron From MonoSol Rx
8. The HealthCentral Network Acquires MedTrackAlert, Extending its Ability to Reach Highly Engaged Online Health Consumers
9. GlaxoSmithKline Acquires Sirtris Pharmaceuticals, Inc., a World Leader in Sirtuin Research and Development
10. Grubb & Ellis Healthcare REIT Acquires Nutfield Professional Center in Derry, N.H.
11. Gentiva(R) Health Services Acquires Leading Colorado Home Health Provider
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/9/2016)... ... December 09, 2016 , ... ... its 10th anniversary with the grand opening of the Sober College Robert Pfeifer ... spanned two days, December 2-3, and was attended by an overwhelming amount of ...
(Date:12/9/2016)... , ... December 09, 2016 , ... ... at The Pierre Hotel in New York, NY, on December 3rd, to benefit ... and physicians attended the annual event, which raised over $1 million - the ...
(Date:12/9/2016)... ... December 09, 2016 , ... The Pennsylvania Athletic Trainers’ Society ... the summer of 2016. The program was made possible by a Pennsylvania Department ... of Health and Human Services Administration. The broadcast, Use Your Head: Properly ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... Institute (WCRI) officially opened registration today for its 33rd Annual Issues & ... MA . , The theme of the conference is “Persistent Challenges and New ...
(Date:12/8/2016)... ... December 08, 2016 , ... Seavest ... Property owned by an affiliate of Seavest, has won a prestigious national healthcare ... Chester County ambulatory care center (ACC) was named “Best New Development, MOBs and ...
Breaking Medicine News(10 mins):
(Date:12/9/2016)... SAN DIEGO , Dec. 9, 2016 /PRNewswire/ ... with Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX, ... program targeting ,LpxC, for the treatment of bacterial ... LpxC has been recognized as an attractive antibacterial ... however, a lack of suitable chemical starting points ...
(Date:12/8/2016)... LONDON , Dec. 8, 2016 ... Summary GlobalData,s new report, "Australia Glaucoma ... market data on the Australia Glaucoma Surgery Devices ... US dollars, volume (in units) and average prices ... The report also provides company shares and ...
(Date:12/8/2016)... -- Global Interventional Radiology Market: Scope and Methodology ... market analyzes the current and future prospects of ... summary, including a market snapshot that provides overall ... research is a combination of primary and secondary ... research efforts along with information collected from telephonic ...
Breaking Medicine Technology: