MCMC llc Acquires CORE, INC.'s Peer Review Analysis Division

Oct 10, 2002, 01:00 ET from CORE, INC. from ,MCMC llc

    PORTLAND, Maine and BETHESDA, Md., Oct. 10 /PRNewswire/ --
 CORE, INC. and MCMC llc announced today the completion of the acquisition of
 the Peer Review Analysis Division, a national provider of independent review
 services, by MCMC llc.  The new MCMC llc company is the combination of Peer
 Review Analysis and Medical Care Management Corporation.
     "This transaction will allow CORE to concentrate on our investment in our
 market-leading disability and employee absence management businesses, while
 allowing Peer Review Analysis the opportunity to build on its strong
 performance as a leader in the independent review industry," said James
 Fallon, co-president of CORE.
     "I am honored to be able to lead a tested team of experienced
 professionals who have demonstrated their ability to deliver outstanding
 services and the creativity necessary to develop innovative products,"
 explained Peter Goldschmidt, chief executive officer of MCMC llc.  "The
 combination of both companies' full suite of services will allow us to provide
 the broadest range of health information services that will increasingly be
 necessary as health care becomes more complex and consumers become more aware
 of their rights."
     Peer Review Analysis will maintain its current operations in Boston under
 the same leadership, using the name MCMC llc, and will retain the PRA(R)
 service mark to identify its established peer review services.
     "I am thrilled by the opportunity to work with Peter Goldschmidt and his
 team, and I am confident that his vision and leadership will enable us to
 provide even more value to our clients and employees," said Stuart Greer,
 president of MCMC llc, and formerly the managing director of Peer Review
 Analysis.  "Our current and future clients will benefit from a larger network
 of medical experts, the combined experience and expertise of our staff, and
 broader service capabilities, such as the Medical Care Ombudsman Program,
 technology consultations and the Report on Medical Guidelines and Outcomes
 Research publication."
     About Peer Review Analysis
     Founded over 18 years ago, Peer Review Analysis is one of the nation's
 largest independent review organizations, processing in excess of
 50,000 objective reviews per year.  Peer Review Analysis' Board Certified
 physicians represent extensive specialties and subspecialties, offering
 unbiased determinations, timely turnarounds and compliance with federal and
 state regulations.  Its wide variety of programs provides the flexibility to
 meet virtually any type of expert review need for health care, pharmaceutical,
 workers' compensation, disability or other benefits.  Peer Review Analysis was
 one of the first nationally accredited external review organizations in the
 United States.
     Peer Review Analysis was a division of CORE, INC., a leading provider of
 employee absence management, covering 1.8 million employees nationwide.  CORE
 is part of Fortis, Inc., a financial services company that, through its
 operating companies and affiliates, has built leadership positions in a number
 of specialty insurance market segments.  Fortis, Inc. is part of Fortis, a
 financial services provider active in the fields of insurance, banking and
 investment.  For more information, visit .
     About Medical Care Management Corporation
     Medical Care Management Corporation was established in 1992 to help
 patients, employers, health insurers, managed care organizations and
 physicians make knowledgeable decisions about complex and contentious medical
 cases.  Known primarily for their Medical Care Ombudsman Program (MCOP), the
 company provides independent, objective, credible, cost-effective expert
 analysis of cases in all domains of medicine at all levels of technology to
 all age groups to facilitate appropriate decision-making.  For more
 information, visit the company's Web site at .
     For further information, please contact:  Peter Goldschmidt, Chief
 Executive Officer, +1-301-320-0971, , or Stuart T. Greer,
 President, +1-800-227-1464, , both of MCMC llc; or
 Mona Baset Winn, Director, Corporate Communications of CORE, INC.,
 +1-949-442-2109, .
                     MAKE YOUR OPINION COUNT -  Click Here