Navigation Links
Viant Acquires Texas True Choice
Date:10/1/2007

NAPERVILLE, Ill., Oct. 1 /PRNewswire/ -- Viant Holdings, Inc., a leader in healthcare payment and cost management solutions, today announced that it acquired Texas True Choice, Inc. for $54 million, consisting of $44 million in cash consideration and shares of Viant Holdings, Inc. common stock. The acquisition will expand Viant's PPO network offerings in the group health market and enhance its existing lines of services to the nation's leading health plans, insurers and third-party administrators.

Founded in 1996, Texas True Choice, headquartered in Plano, Texas, is a highly respected Preferred Provider Organization (PPO) with over 350 acute care hospitals and 36,000 physicians in their network, providing access to over 2,100 employers representing 820,000 members statewide. Texas True Choice, in conjunction with the Viant provider networks, including Beech Street and ppoNEXT, will now provide access to an estimated 525,000 healthcare providers nationally.

Commenting on the announcement, Viant Holdings CEO, Daniel J. Thomas, said, "It is clear Texas True Choice is one of the best performing PPO networks in Texas, with an excellent reputation, strong leadership and significant brand identity. This transaction reflects our ongoing commitment to invest in our network services business, in response to our customers needs for increased coverage, especially in key states such as Texas." Adding, "Michael Wilson and his team have done a great job building a leading PPO network in Texas with prospects for continued growth and performance enhancement."

Michael Wilson, Founder, President and CEO of Texas True Choice added "We are very excited about the opportunity to join Viant. Collectively, Texas True Choice and Viant will create a significant advantage for our clients and network providers. Combining a best in class local/regional network with Viant's national presence creates tremendous opportunity to enhance the local market while quickly building on Viant's national network".

About Viant Holdings, Inc.

Viant Holdings (formerly Concentra Network Services includes Beech Street Corporation and ppoNEXT), provides healthcare payment solutions through primary and supplemental networks, integrated network and contract management, specialized cost containment strategies and post payment recovery services to the U.S. health insurance industry in both the public and private sectors. Viant's comprehensive and effective cost management strategies focus on timely, accurate and fair payment for providers, payers and patients. Please call 630.649.5272 for inquiries.

About Texas True Choice

Texas True Choice, Inc. is one of the largest independently owned Preferred Provider Organization (PPO) networks in Texas offering a quality network of hospitals, physicians and other providers to more than 820,000 members throughout the state.


'/>"/>
SOURCE Viant Holdings, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Ossur Acquires the U.S. Orthopaedics Company
2. Stem of Hope: Stem Cell Research Acquires a Brittle Star As A model
3. Pfizer Acquires Worldwide Rights For New Overactive Bladder Drug
4. Premier Army Hospital Acquires PET-CT Scanner
5. Wockhardt acquires Protinex, Farex brands from Netherland Co
6. Indoco Remedies Acquires La Nova Chem
7. Ranbaxy Acquires Glaxosmithklines Generic Unit in Spain
8. AIIMS Acquires Four-Armed Robot to Assist in Surgeries
9. Apollos Global Arm Acquires US-based Firm
10. ‘Obesity’ Acquires Permanent Resident Status in the US
11. Indias Wockhardt Acquires Irish Firm
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2017)... ... , ... Antoine Dental Center is now offering various types of dental implants to ... a support for prosthetic teeth, such as crowns, bridges, or dentures. An implant is placed ... lasting new root for the tooth. , Several types of dental implants are available, ...
(Date:6/26/2017)... ... June 26, 2017 , ... A new and improved ... women look and feel about themselves and their sexual encounters. A unique medical ... urinary leakage head on with a ground breaking medical technique aimed to give ...
(Date:6/26/2017)... (PRWEB) , ... June 26, 2017 , ... New patients ... from Dr. Angela Cotey, with or without a referral. Dr. Cotey is a trusted ... of this preferred tooth replacement option. , Patients with missing teeth in Fitchburg, WI, ...
(Date:6/25/2017)... ... June 25, 2017 , ... An increase in wetter ... foliage and plants, and along with that; a humdinger of an allergy season. A ... also means an increase in misery-causing grass and weed pollen. , “Our patients ...
(Date:6/24/2017)... ... 24, 2017 , ... Genes Advice, a new company based ... and Texas doctors' offices and clinics. This breakthrough testing is part of the ... the role genes play in determining an individual's tolerance of and reaction to ...
Breaking Medicine News(10 mins):
(Date:5/30/2017)... , May 30, 2017 Therapix Biosciences Ltd. ... specializing in the development of cannabinoid-based drugs, today ... company overview at three upcoming scientific and investor ... LD Micro Invitational: ... Date:                     ...
(Date:5/24/2017)... Va. , May 24, 2017  ivWatch ... Original Equipment Manufacturer (OEM) Board to enable seamless ... with patient monitoring systems, infusion pumps and other ... OEMs will be able to help health care ... and reduced risks related to IV therapy. ...
(Date:5/18/2017)... WHIPPANY, N.J. , May 18, 2017  Two ... Healthcare Businesswomen,s Association (HBA) during its recent 28 th ... New York City.  The event showcases HBA,s longstanding mission ... the business of healthcare. Cindy Powell-Steffen ... in Bayer,s U.S. Radiology division, and Libby Howe ...
Breaking Medicine Technology: