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Outreach Services Merger With Cardon Healthcare Creates Largest Provider of Eligibility Services to Hospitals
Date:1/24/2012

THE WOODLANDS, Texas, Jan. 24, 2012 /PRNewswire/ -- Cardon Healthcare Network today announced that Outreach Services has agreed to a merger between the two companies. The combined company will be named Cardon Outreach, and will be headquartered in The Woodlands, TX.

The core business of both companies is providing revenue cycle management services to hospitals, for the self-pay segment of their patient populations.  Cardon Outreach will serve over 500 hospitals and clinics nationwide, and handle over $10 billion in patient billings annually, making it the largest independent provider in the sector.

Mark Robinson, who will serve as Chief Executive for Cardon Outreach, said, "The business logic for this merger is simple.  Cardon and Outreach have strong cultural synergy, sharing a patient-centric view and a common set of values.  They have geographically diverse coverage, with few overlapping locations. Both enjoy strong relationships with their clients based on exceptional performance, innovative approaches and a willingness to go the extra mile. Cardon's industry-leading technology and broader portfolio of services will bring additional value opportunities to Outreach clients. As a combined entity, Cardon Outreach has the strength to deliver the innovative revenue cycle solutions that hospitals need, given the dual challenges of healthcare reform and the struggling economy."

"We are excited to be partnering with Cardon, a company that I have always admired," said Greg Moga, founder and President of Outreach Services. "The merger will be good news for Outreach clients, who will benefit from the broader range of services and the technology leadership that Cardon brings to the table.  It will also be good news for Outreach employees, who will enjoy the increased opportunities of a larger organization."

Doug Cardon, who will serve as Chairman of the Board of Cardon Outreach, said, "I've known Greg Moga for many years,
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SOURCE Cardon Healthcare Network
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