Feb 28, 2011 3:59:00 AM |
Boston, MA – February 28, 2011 – Covington Associates announced today it acted as financial advisor to Focused Health Solutions, a provider of customized population health management services, in the sale of its assets to HealthFitness.
HealthFitness, a subsidiary of The Trustmark Companies, is a provider of employee health and fitness solutions. The acquisition enables HealthFitness to offer employers, health plans, Taft-Hartley groups and other clients expanded services that increase overall employee well-being, improve the health of people with chronic conditions, and control costs.
Focused Health Solutions’ National Committee for Quality Assurance-accredited, personalized programs help people manage a broad range of chronic conditions including diabetes, hypertension, congestive heart failure, coronary artery disease and asthma. The model integrates sophisticated systems and experienced personnel to improve disease treatment compliance and control medical costs.
“We are pleased to be joining HealthFitness,” said Phil Christianson, CEO of Focused Health Solutions. “Both organizations match technology with a personalized approach and share a mission to improve health and quality of life.”
This investment from Trustmark, which acquired HealthFitness in early 2010, demonstrates the company’s commitment to making HealthFitness the nation’s leading provider of population health management solutions for employers, health insurance plans and benefits administrators.
“Integrating condition management into our product offering allows us to give those with chronic conditions the benefit of our lifestyle management programs while also better managing their diseases,” said Dennis Richling, M.D., Chief Medical and Wellness Officer at HealthFitness. “We now have the pieces in place to make condition management even more effective by engaging more people with the right interventions and self-help tools at the right time.”
About Focused Health Solutions
Focused Health Solutions is a leading national provider of customized population health management services. Founded in 1999, the Deerfield, IL based company boasts a senior management team with over 100 years of collective experience in the health care industry and a blue chip customer base.
Focused Health Solutions combines innovative data analysis, condition specific clinical pathways, proprietary telehealth technology, Health Risk Assessments, and deep clinical expertise to reduce health care costs and improve health.
To learn more about Focused Health Solutions, visit http://www.focusedhealthsolutions.com.
About Covington Associates LLC
Covington Associates is a specialty investment banking firm founded in 1991 serving business service, consumer, industrial, healthcare, and technology companies throughout the country.Â Focused on mergers and acquisitions, debt and equity capital raising, debt and equity restructuring, and strategic advisory assignments for middle market companies, Covington Associates has completed transactions ranging in value from $10 million to nearly $2 billion for both private and publicly traded companies.
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