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
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
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 www.coreinc.com .
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 www.mcman.com .
For further information, please contact: Peter Goldschmidt, Chief
Executive Officer, +1-301-320-0971, email@example.com , or Stuart T. Greer,
President, +1-800-227-1464, firstname.lastname@example.org , both of MCMC llc; or
Mona Baset Winn, Director, Corporate Communications of CORE, INC.,
+1-949-442-2109, email@example.com .
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SOURCE CORE, INC.; MCMC llc