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 Navigator's business. We are very pleased that Mark Eaton and his management team will remain with MHA to lead our major expansion efforts into this space."
Mark Eaton, CEO of Navigator added, "We are very excited to be joining a leading healthcare services company like MHA. We were very impressed with the value MHA could bring to Navigator to help us grow our business, as well as the resources they are prepared to commit to assist in our efforts. In a very short period of time Navigator has been able to establish ourselves as a leading food service GPO in the long term care space. By joining forces with MHA, we are now well positioned to continue that growth well into the future."
About Navigator, Inc.Navigator Group Purchasing, Inc. has experienced leadership in healthcare and hospitality purchasing services, delivering savings and cash flow improvement to its members. A focused portfolio of products, innovative services and strong relationships with members, vendors and manufacturers differentiates Navigator from its competition. Carefully assembled discounted contracts with key vendors and manufacturers produces committed programs to members for improved savings and increased customer satisfaction. For more information, visit www.navigatorgpo.com.
About MHAManaged Health Care Associates, Inc. (MHA) is a leading healthcare service company that offers a growing portfolio of services and solutions to support the diverse and complex needs of the alternate site healthcare provider. MHA provides expertise in Group Purchasing, Managed Care and Payer Contracting, Reimbursement Management, Specialty Pharmacy Solutions, Pharmaceutical Data Analytics, Clinical Pharmacy Software and Legislative Advocacy. Through the delivery of innovative and targeted healthcare services and solutions, MHA helps members increase operational efficiency, maximize business growth and provide optimum care for patients. For more information, visit www.mhainc.com.For More Information Contact:Angela ElsierDirector of MarketingManaged Health Care Associates, Inc.800-642-3020 X2870aelsier@mhainc.com
|SOURCE Managed Health Care Associates, Inc.|
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