QuadMed to Acquire Novia CareClinics
SUSSEX, WI, and INDIANAPOLIS—October 9, 2013—QuadMed LLC, and Novia CareClinics—two innovators in employer-sponsored healthcare 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 will strengthen both companies’ leadership positions in the healthcare 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 quality healthcare 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 healthcare management solutions for larger companies with a national presence.”
Eric Olson, President of Novia CareClinics, also added: “QuadMed shares our values and our philosophy of improving the quality of patient care while putting a strong focus on driving behavioral changes and controlling costs. We built our respective businesses independent of any competing interests that could have potentially detracted from our true purpose of keeping people healthy. Combining the strengths of our two companies will make an even more meaningful difference in today’s complex healthcare landscape.”
- Companies:
- Quad/Graphics