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Zelis Healthcare, a healthcare information technology company and provider of claims cost management solutions, has acquired EthiCare Advisors to further enhance its product portfolio.
Succasunna, New Jersey-based EthiCare is a healthcare cost management company that specialises in servicing stop-loss and reinsurance carriers in the self-insurance group health market.
Following the acquisition, EthiCare will become a part of Zelis' claims integrity business unit led by Lori Sempervive as president.
"We are delighted to add the EthiCare product line to the Zelis portfolio," said Doug Klinger, CEO of Zelis Healthcare. "Bringing EthiCare into the Zelis family further enhances our ability to deliver better service and better performance for all payers as they endeavor to manage the cost of healthcare."
Sempervive added: "EthiCare is well-known in our industry for its ‘white glove’ service approach to high-dollar claims, and we look forward to providing payers with the same level of service they know and expect. We welcome our new team members to the Zelis Healthcare family, as we continue to extend our fully integrated solution for healthcare cost and payment management."
Mark Hartmann, managing partner and CEO of EthiCare Advisors, stated: "At EthiCare, we pride ourselves on our comprehensive approach, our client tenure, our results and our experience in the industry. Zelis was a natural fit for our organization, as we share similar expectations of service and performance excellence."
Zelis healthcare, EthiCare, M&A, Mark Hartmann, Doug Klinger, Lori Sempervive, US