MHA Buys The MED Group
CEO Elliott to step down, rest of MED’s management remains.
- By David Kopf
- Nov 12, 2010
Managed Health Care Associates Inc. (MHA), a health care service company focused on alternate site health care providers, has acquired HME purchasing group and member services organization The MED Group.
The company will continue to operate under the MED Group name and will remain at its Lubbock base of operations. Bill Elliott, the MED Group CEO, will resign from his position, but will remain as a consultant to assist with the transition. All other members of the MED Group management team will be joining MHA in full-time capacities.
“The MED Group is pleased to be joining MHA, the largest Alternate Site health care GPO in the country,” said outgoing MED Group CEO Elliot. “Aligning with MHA will allow MED Group to further expand its model and to make additional investments in business solutions. We are certain this will be very positive for MED customers, employees and business partners. I am also very excited that the current senior MED Group management team of Jeff Woodham, Wayne Grau, and David Low will continue in expanded leadership roles with MHA. I have spent the last six years working with a great group of customers, business partners and employees. I wish everyone involved all the best in the future and I look forward to assisting in this transition.”
In addition to providing group-purchasing services, the Lubbock, Texas-based MED also helps providers improve efficiencies in educational training, reimbursement, accreditation, certification, logistics and other operational areas.
“The acquisition of the MED Group is consistent with our strategy of expanding service offerings into different Alternate Site health care markets,” said MHA CEO Douglas Present. “MED combines a strong GPO offering with additional business and patient management solutions that enable their customers to effectively compete in the marketplace. There are great opportunities to combine MED’s service offerings with MHA’s existing offerings and create benefits for our combined membership. We are looking forward to working with the MED team to achieve this potential.”
“The MED Group is recognized as the leading provider of group purchasing and business solutions in the high-end mobility, sleep, respiratory therapy and durable medical equipment product categories,” added MHA President Michael Sicilian. “This acquisition allows MHA to continue our strategy of expanding into new markets and providing additional value to all of our members. We are very excited to welcome MED’s employees to the MHA team.”
David Kopf is the Editor of HME Business.