Tuesday, June 12, 2012

Prime Health Services Acquires Casualty Management Network

NASHVILLE, Tenn.--(BUSINESS WIRE)--

Prime Health Services (Prime), one of the nation’s largest workers’ compensation, group health, corrections, and auto liability PPO networks is pleased to announce it has acquired Casualty Management Network (CMN).

CMN is a broad based PPO network with over 5,000 medical providers in the state of Colorado. Its providers are contracted for the workers’ compensation, group health, and auto markets. Both coverage and discounts are substantial.

Brian Sharp, CEO of Prime, said yesterday, “This acquisition greatly enhances Prime’s coverage in the state of Colorado for all of our product lines. CMN has done an excellent job in contracting the most desired providers in this prominent western state. Our clients will see an immediate impact on Prime’s coverage and savings in Colorado.” Sharp further stated, “Prime continues to enhance its place in the PPO market with this acquisition.”

As the consolidation of PPOs continues nationally (especially in the workers’ compensation market), Prime is executing its business strategy to aggressively contract the most sought after providers. For clients that use our Prime Metrics product, we also contract medical providers with the best empirical medical outcomes. As stated by Prime’s VP of Network Management, Dorrence Stovall, “Prime’s strategy also includes acquiring regional and local PPOs. CMN was a perfect fit with Prime and our overall business plan.”

About Prime Health

Founded in 2001 and based in Brentwood, TN, Prime Health Services (Prime) is a medical cost containment company that offers a full spectrum of services, including a Preferred Provider Organization (PPO) ready for access with customizable solutions, as well as other cost containment services. Prime Health’s PPOs include Workers’ Compensation, Group Health, Corrections, and Auto Liability networks. Prime Health has over 600,000 providers and facilities nationwide forming the Prime Health National Delivery System. Prime Health offers our National Delivery System to the TPA, insurance carrier, and self-insured markets. More Information is available at www.primehealthservices.com or by calling 866-348-3887.


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