FLORHAM PARK, N.J., Nov. 12, 2010 /PRNewswire via COMTEX/ -- Managed Health Care Associates, Inc. (MHA), a leading Health Care Service Company focused on Alternate Site health care providers, is pleased to announce the acquisition of The MED Group (MED), Lubbock, Texas. The MED Group is a Group Purchasing, Business Solutions and Network Management company that assists home care providers in lowering their overall purchasing costs. MED also helps provider members improve efficiencies in educational training, reimbursement, accreditation, certification, logistics and other operational areas. The company will continue to operate under the MED Group name and will remain based in Lubbock, Texas. Bill Elliott, the MED Group CEO, will be resigning from his position, but will remain as a consultant to assist with the transition. All other members of the MED Group management team will be joining MHA in full-time capacities.
Douglas Present, MHA's CEO stated, "The acquisition of the MED Group is consistent with our strategy of expanding service offerings into different Alternate Site health care markets. MED combines a strong GPO offering with additional business and patient management solutions that enable their customers to effectively compete in the marketplace. There are great opportunities to combine MED's service offerings with MHA's existing offerings and create benefits for our combined membership. We are looking forward to working with the MED team to achieve this potential." Michael J. Sicilian, President of MHA added, "The MED Group is recognized as the leading provider of group purchasing and business solutions in the high-end mobility, sleep, respiratory therapy and durable medical equipment product categories. This acquisition allows MHA to continue our strategy of expanding into new markets and providing additional value to all of our members. We are very excited to welcome MED's employees to the MHA team." Bill Elliott, the MED Group's outgoing CEO commented, "The MED Group is pleased to be joining MHA, the largest Alternate Site health care GPO in the country.
Aligning with MHA will allow MED Group to further expand its model and to make additional investments in business solutions. We are certain this will be very positive for MED customers, employees and business partners. I am also very excited that the current senior MED Group management team of Jeff Woodham, Wayne Grau, and David Low will continue in expanded leadership roles with MHA. I have spent the last 6 years working with a great group of customers, business partners and employees. I wish everyone involved all the best in the future and I look forward to assisting in this transition." About The MED Group The MED Group is a Group Purchasing, Business Solutions and Referral Management Network that helps Home Care Providers lower their purchasing costs for home medical equipment, health care, technology and other supplies. MED Group consists of more than 365 market-leading, independent, HME provider members covering thousands of locations to create a significant national footprint and the broadest and deepest reach in home care. MED's portfolio of supply agreements provide favorable pricing and terms for members that require access to various product categories including rehab/mobility, respiratory, sleep, infusion, orthotics, support surface, distributed supplied, and durable medical equipment.
About MHA Managed Health Care Associates, Inc. (MHA) is a health care service company in the Alternate Site market servicing the Long Term Care, Home Infusion, Specialty Pharmacy and Retail industries. MHA continues to lead the way in defining what a health care service company can do for its members with a highly diversified portfolio that includes the largest Alternate Site GPO, the leading Long Term Care Pharmacy Network; RxPertise, the leading clinical consultant pharmacy software servicing the long-term care industry; Pharmaceutical Data Services and Net- Rx reimbursement services. MHA's success is driven by unparalleled member support, competitive contracts, and the ability to create sophisticated, customized, web tools and reports, designed to increase savings and promote profitability. Members utilize MHA GPO services to assist in the purchasing of a complete line of pharmaceuticals, medical supplies, capital equipment, and nutritional food products. For more information, visit www.mhainc.com.
For More Information Contact: Angela Elsier Director of Marketing Managed Health Care Associates, Inc.
800-642-3020 X2870 aelsier@mhainc.com ------------------ SOURCE Managed Health Care Associates, Inc.
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