QuadMed Broadens Scope with Novia Acquisition
SUSSEX, WI, and INDIANAPOLIS—QuadMed LLC, and Novia CareClinics—companies that specialize in employer-sponsored health care management solutions and on-site primary care—have entered into a definitive agreement whereby QuadMed will acquire all of Novia CareClinics operations and merge their executive management and operations teams accordingly.
The transaction, which is expected to close in approximately 30 days, will strengthen both companies’ positions in the health care markets they serve, enabling them to offer the best of their respective models to a wider range of employers who are seeking to improve access to health care while also reducing costs.
“This acquisition is a cultural and strategic fit that supports both companies’ vision for growth,” said Tim Dickman, president of QuadMed, a subsidiary of global printer and media channel integrator Quad/Graphics. “Novia’s leadership in developing and managing onsite and shared primary care clinics for small- to mid-size companies and the public sector complements QuadMed’s successful model of ground-breaking health care management solutions for larger companies with a national presence.”
The combined company will offer clients:
- Companies:
- Quad/Graphics
