In June 2011, Valitás Health Services, Inc. merged with America Service Group to form Corizon Health, the nation’s leading provider of correctional healthcare solutions. Valitás remains the holding company for Corizon Health. The Company provides on-site healthcare services including recruiting and credentialing of medical personnel, management of off-site care, implementation of clinical pathways and disease management programs, utilization and other data reporting, and complete pharmacy services at 534 facilities across the country serving approximately 345,000 inmates in 27 states.
Dentistry for Children is a leading pediatric dental service organization with 41 affiliated dental offices in Georgia and South Carolina. The Company focuses on children’s oral health services by providing the complete range of care (e.g. pediatric dentistry, orthodontics and oral surgery) through a provider base of 41 pediatric dentists, 5 general dentists, 11 orthodontists and two oral surgeons.
Based in Seattle, Genoa Healthcare was the leading specialty pharmacy operator in the United States focused exclusively on serving the outpatient mental health community. The Company partnered with mental health providers, typically non-profit community mental health centers, to provide onsite pharmacy and related services in dedicated space leased from the provider. The majority of the patients Genoa served suffer from serious mental conditions such as schizophrenia, acute bipolar disorder, or severe depression. These individuals are dependent on daily medication to function and generally have multiple co-morbidities. Genoa operated more than 80 pharmacies in 26 states, serves over 40,000 patients, and filled over two million prescriptions annually. Genoa was sold in July 2014.
Hospital Physician Partners was the nation’s fourth largest provider of emergency department management and hospitalist services to hospitals, offering physician recruitment, staffing, scheduling, and billing and collection services to over 80 hospitals in 21 states. The medical services at the company’s emergency department client hospitals were provided through independent contractor arrangements with over 1,500 health care professionals. HPP was sold in August 2015.
ISG Holdings was formed to build a workers’ compensation focused company that offers a suite of products and services to help contain the medical costs related to workers’ injury claims. BPOC and SV Life Sciences have partnered with the former management team of Interplan Health Group, Paul Glover and Steve Ditman, in the development and execution of the ISG strategy.
StrataCare, which was acquired in April 2009, served as the platform acquisition for ISG. Founded in 1998, StrataCare is the leading software and service provider in the workers’ compensation medical bill review and cost containment industry. StrataCare’s software and services generate savings for its clients (large self insured employers / Third Party Administrators / insurance plans) by re-pricing medical bills in accordance with usual and customary rates, state and hospital fee schedules, utilizing applicable PPO network discounts and identifying duplicate bills and other billing errors.
Consistent with the broader ISG strategy, Bunch and Associates was acquired in August 2010. Bunch provides managed care solutions designed to enhance and control the recovery process to injured employees while controlling long-term costs to the employer. Bunch’s services include medical case management, utilization review, network management and medical bill review. ISG was sold to Xerox in May 2014.
Based in Amarillo, Texas, Maxor is a diversified pharmacy services business comprised of four primary services: outsourced pharmacy management serving 43 pharmacies, pharmacy benefit management with 400,000 covered lives, outsourced correctional pharmacy services serving over 300,000 incarcerated patients in 230 facilities and specialty pharmacy services administering approximately 1.1 million doses annually. Maxor has operations in fourteen states.
Founded in 1991, Paragon Medical is a tier 1, turnkey supplier of world-class solutions for custom and standard surgical instrument delivery systems, custom and standard surgical instrumentation, implantable components, and design and development services to the medical device marketplace. In addition to its headquarters in Pierceton, Indiana, Paragon has offices or production facilities located in Indianapolis, Indiana, Smithfield, Utah, Lausanne, Switzerland and Changzhou, China.
RSA Medical, LLC was an outsourced provider of technology-based, risk management services to the individual health and life insurance industries. The Company improved the manner in which insurance companies collect applicants’ medical and demographic information and made underwriting decisions. The Company’s data collection services had grown to include the execution of medical exams, medical record retrieval, telephonic medical interviews, prescription drug history profiling and an automated rules engine to interpret the data collected and produce underwriting decisions. RSA was sold in September 2015.
Southern Anesthesia and Surgical, Inc., is a leading national distributor of pharmaceuticals and surgical supplies to oral health professionals who provide sedation related dental and surgical procedures. In addition, the company provides value added services to its customer base by virtue of the regulated nature of the products it distributes, which are regulated by the Drug Enforcement Agency and the Food and Drug Administration.
Sunrise Senior Living, Inc. is a leading private-pay provider of assisted living services and the largest provider of memory care services in the U.S. Sunrise manages 297 communities, with over 30,000 resident units, for large healthcare real estate investment trusts and other property owners in the U.S., Canada and Europe. Sunrise manages all functions of the property and provides care for residents under long-term management contracts and leases. Sunrise was sold in April 2014.
Beecken Petty O’Keefe & Company
131 South Dearborn Street, Suite 2800
Chicago, IL 60603
Phone: (312) 435-0300
Fax: (312) 435-0371