• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Parsons Acquires META Associates; Firm Specializes in Healthcare Program Management

Posted on: Thursday, 15 December 2005, 15:00 CST

Parsons announced today the acquisition of META Associates, Inc., (META), one of the nation's oldest and largest dedicated healthcare program management companies. META, a program management firm offering a full spectrum of services from facility planning to design-build construction, is headquartered in Louisville, Kentucky. META is consistently ranked by Modern Healthcare as one of the top healthcare owner's representatives in the country, providing overall program management for the design and construction of thousands of individual healthcare facility development projects.

META has successfully completed assignments representing billions of dollars in construction and equipment values and has developed a proven, systematic approach to the delivery of state-of-the-art healthcare facilities. In today's rapidly evolving healthcare marketplace, META provides functional, cost-effective solutions from project inception through owner occupancy with one goal in mind: to help healthcare clients accomplish their business plans by developing financially justifiable, patient-focused healing environments. META provides solutions to meet each organization's needs and provides a high level of expertise within all phases of development.

"Combining Parsons' extensive resources with META's expertise and experience in the healthcare industry will allow us to expand our current range of services to address the growing needs and requirements of our clients," says Doug Heisler, META Associates President and CEO. "Becoming an integral part of Parsons gives META significant strength and depth to bring further value to our existing customers while affording the opportunity to expand to new clients."

"The acquisition of META is a key step in our strategic plan to become the preeminent provider of capital asset management services to the healthcare industry. META has an unparalleled reputation for helping healthcare facility owners efficiently and effectively deploy and modify their capital assets. This acquisition is a strong fit with our focus on building long-term value-added relationships with our clients," explains Charles L. Harrington, Parsons Group President.

META Associates, Inc., will become a part of Parsons Commercial Technology Group Inc., a business unit of Parsons Corporation. Parsons is currently engaged in a $500+ million contract to design, build, and renovate healthcare facilities throughout Iraq.

About META Associates, Inc.

Founded in 1992, META Associates is headquartered in Louisville, Kentucky, and has two offices in Nashville, Tennessee. In 2003, META acquired HealthCare Facilities, another top program management firm. In the past five years, META has completed or is currently engaged in 500+ projects representing over $3 billion in project costs with a staff of more than 80 highly experienced healthcare facility experts. For more about META, please visit www.meta-usa.com.

About Parsons

Parsons, celebrating over 60 years of setting industry standards, is a leader in many diversified markets such as education, healthcare, life sciences, communications, transportation, water, environmental, mission critical facilities, infrastructure, and planning. Parsons provides technical and management solutions to private industries worldwide as well as federal, regional, and local government agencies. For more about Parsons, please visit us at www.parsons.com.

Source: Business Wire

More News in this Category