Managed Health Care Associates, Inc. (MHA) through its Subsidiary Navigator Group Purchasing Acquires FMS Purchasing & Services, Inc. and Rebate Tracking Group (RTG)
FLORHAM PARK, N.J., Jan. 3, 2013 /PRNewswire/ — Managed Health Care Associates, Inc. (“MHA”), a leading health care service company focused on alternate site providers, is pleased to announce the acquisition of FMS Purchasing & Services, Inc. and the Rebate Tracking Group (RTG), Clearwater, Florida through its Navigator Group Purchasing subsidiary. FMS/RTG is the largest independently owned healthcare group purchasing organization in the southeast United States serving the LTC facility and hospitality markets, while the Rebate Tracking Group delivers members significant economic impact via its value-added service component. The acquisition of FMS/RTG is the fourth acquisition MHA has completed in this space in the last 24 months including Navigator GPO, Tidewater and UHF Extended Care.
John Markes, Navigator Group Purchasing COO stated, “The FMS/RTG acquisition is consistent with expanding our leading role in providing group purchasing contracts and business solutions for LTC dietary, medical supplies and capital equipment. Navigator is looking forward to working with the FMS/RTG staff and providing additional services and benefits to current FMS/RTG members.”
Timothy Gregson, FMS Purchasing & Services CEO added, “This is an exciting time for FMS/RTG to become a part of Navigator Group Purchasing. With this acquisition we feel that the additional benefits and offerings being provided through the combined entities will bring immediate value to our existing members and allow for growth in new areas. I am very humbled by the support and loyalty of our members over the past 24 years.”
Michael J. Sicilian, MHA President commented, “This is another example of MHA executing on its strategy to become the leader in the LTC facility dietary, medical supplies and capital equipment segment. We are extremely pleased to have the FMS/RTG management team of Tim Gregson and President Gary Rose join MHA as well as the rest their team. FMS membership loyalty and culture of consistently meeting member needs over a 20 year period is aligned with MHA’s philosophy on delivering value to our respective members.”
About Managed Health Care Associates, Inc.
Managed Health Care Associates, Inc. (MHA) is a leading health care service company that offers a growing portfolio of services and solutions to support the diverse and complex needs of the alternate site health care 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 health care 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.
Navigator Group Purchasing, Inc., an MHA company, has experienced leadership in healthcare purchasing services, delivering savings and cash flow improvement to 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.
FMS Purchasing & Services is a leading provider of dietary, medical supplies and capital equipment to the LTC facility, hospitality, faith ministry and education markets. The company is headquartered in Clearwater, Florida and has been servicing members for 24 years. For more information, visit www.fmspurchasing.com.
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SOURCE Managed Health Care Associates, Inc.