Printer Friendly

SHPS Holdings, Inc. Completes Acquisition of Landacorp, Inc.

Business Editors

LOUISVILLE, Ky.--(BUSINESS WIRE)--April 27, 2004

SHPS Holdings, Inc., the majority shareholder in SHPS, Inc., a provider of integrated health management services headquartered in Louisville, Ky., announced today that it completed its acquisition of Landacorp, Inc., an Atlanta-based provider of population health management solutions.

The deal, initially announced in March, was valued at $56 million and officially closed today after receiving regulatory and shareholder approval.

"The addition of Landacorp's care management capabilities and medical management software will enhance SHPS' leadership position in integrated health management," said Dave Nelson, president and chief executive officer of SHPS.

Landacorp has a current client base of health plans, hospitals and integrated delivery networks, TPAs and PPOs. It is known in the industry for both its state-of-the-art software solutions that include advanced case, utilization and resource management applications, and its disease management services, including health risk assessment, segmentation, stratification, enrollment, low acuity intervention and fulfillment.

Landacorp, which has operations in Atlanta, Raleigh, N.C. and Chico, Calif., was selected as one of the top 12 disease management vendors in the spring 2003 DSM Services Report issued by the Health Industries Research Companies (HIRC).

"The combination of these two remarkable companies is a significant development in care management," said Gene Miller, president and CEO of Landacorp. "We feel confident that there is no other provider who offers a greater scope of services in care management than what is now available at SHPS."

The completion of the Landacorp merger comes just two months after SHPS acquired another care management provider, National Health Services, Inc., from BCE Emergis, Inc.

About SHPS Holdings, Inc. and SHPS, Inc.

SHPS Holdings, Inc. is the majority shareholder of SHPS, Inc., a provider of integrated health management services headquartered in Louisville, Ky. With services that include care management, benefit plan administration, insurance carrier management and spending account administration, SHPS provides corporations and consumers with a single, comprehensive source of health management decision guidance. The company serves more than 700 organizations, including more than 65 Fortune 500 companies, and employs more than 2,240 clinical professionals, employee benefits specialists, and information technology experts in facilities across the United States. SHPS is a Welsh, Carson, Anderson & Stowe company. WCAS a private equity firm based in New York. For more information, visit www.shps.net and www.welshcarson.com.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Apr 27, 2004
Words:386
Previous Article:i2 Announces $100 Million Equity Investment by Q Investments; Investment Expands Q Investments Current Position in i2; Strengthens i2 Balance Sheet...
Next Article:OptiSoft Integrates Gunshot Detection into ITS Traffic Signal Platform; SECURES Acoustic Sensors from Planning Systems, Inc. to be embedded in signal...


Related Articles
SHPS Holdings, Inc. Signs Merger Agreement with Landacorp, Inc.
Health Design Plus Selects SHPS' Landacorp Division for Disease Management Programs and Services.
Landacorp, a SHPS Company, Named to Top Twelve List of Disease Management Companies by HIRC.
Landacorp to Provide Medical Management Solutions for WellChoice, Inc.
Preferred Care and Landacorp, a SHPS Company, Ink Medical Management Software Agreement.
Landacorp Releases maxMC Version 8.0 Medical Management Software.
Inland Empire Health Plan and Landacorp Sign Medical Management Software Agreement.
Lake Hospital System Chooses Landacorp's Maxsys II Medical Management Software.
Landacorp Announces Release of eM2; Web-Based Risk Management Extension to Maxsys II.
Flurry of deals for Cushman & Wakefield's Sean Brady.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters