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Managed Health Care Associates, Inc. (MHA) Acquires Navigator, Inc.
Date:1/4/2011

FLORHAM PARK, N.J., Jan. 4, 2011 /PRNewswire/ -- Managed Health Care Associates, Inc. (MHA), a leading healthcare service company focused on alternate site providers, is pleased to announce the acquisition of Navigator, Inc., Nashville, TN. Navigator is one of the nation's largest and fastest growing GPOs focused on servicing long term care facilities. Navigator delivers savings and cash flow improvements to nursing home customers through its food program, supply contracts, and diverse technology tools. MHA will continue to use the Navigator name in the marketplace and Navigator's entire management team, including Mark Eaton, Jake Eaton and Tim Stefan will be remaining with MHA after the acquisition to run the subsidiary.

MHA CEO Doug Present commented, "For over 20 years, MHA has been the leading GPO servicing Long Term Care Pharmacies that provide pharmaceuticals to Nursing Homes and other long term care residents. This strategic acquisition of Navigator will allow us to help these healthcare providers improve their bottom line performance on food and other supplies. This is a business we have been considering for a long time and the acquisition of Navigator is the beginning of what we expect to be a major effort for our company in the coming years. This acquisition is also another example of our executing on our plan to evolve into a broader healthcare services company in the alternate site marketplace. We have watched Navigator in the market for the last several years and their growth has been extraordinary. We are very much looking forward to working with the Navigator team to continue to grow this business."

Michael J. Sicilian, MHA President added, "While this is technically a new market for MHA, it is one we are very familiar with in terms of our current leadership position in Long Term Care Pharmacy and working with nursing homes. MHA currently has a considerable number of relationships and contracts that will bring immediate value to Navig
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SOURCE Managed Health Care Associates, Inc.
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