MHA Acquired by Roper Industries
FLORHAM PARK, N.J., May 2, 2013 /PRNewswire/ -- Managed Health Care Associates, Inc. ("MHA"), a leading health care services and technology company focused on alternate site providers, is pleased to announce that it has been acquired by Roper Industries. Roper Industries is a diversified growth company and is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices.
Going forward, the company will be led by Michael J. Sicilian who has served as MHA's President since 2007. Douglas Present, MHA's CEO for the past 11 years, will be stepping down as CEO upon the close of this transaction. He will remain a consultant to the company through the remainder of the year.
"This is an exciting day for MHA," said MHA's President Mike Sicilian. "Having been owned by different private equity companies since the late 1990's, MHA now has a permanent home within the Roper family of companies. We are confident that being part of Roper will help us continue to expand the scope of services we provide for our members and continue to grow our business. I am looking forward to working with Roper and the rest of the MHA senior leadership team to continue our mission of being the leading service and technology company to alternate site health care providers and to assisting our members manage their businesses as they provide critical services to their patients."
MHA's outgoing CEO, Doug Present commented, "I am very pleased to see MHA become part of Roper Industries and strongly believe that this is a great outcome for MHA's investors, employees and members. I am certain that Mike and the team will continue to expand on what has been a truly amazing growth story. It has been an honor to serve as CEO of MHA and to have had the chance to work with such an amazing group of employees and a customer base that is so dedicated to their patients."
MHA was represented in the transaction by Duetsche Bank and Pepper Hamilton.
About Managed Health Care Associates, Inc.
Managed Health Care Associates, Inc. (MHA) is a leading health care service company that offers a growing portfolio of services and solutions to support the diverse and complex needs of the alternate site health care provider. MHA provides expertise in Group Purchasing, Managed Care and Payer Contracting, Reimbursement Management, Specialty Pharmacy Solutions, Pharmaceutical Data Analytics, Clinical Pharmacy Software and Legislative Advocacy. Through the delivery of innovative and targeted health care services and solutions, MHA helps members increase operational efficiency, maximize business growth and provide optimum care for patients. For more information, visit www.mhainc.com.
About Roper Industries
Roper Industries is a diversified growth company and is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper provides engineered products and solutions for global niche markets, including software information networks, medical, water, energy, and transportation. Additional information about Roper is available on the company's website at www.roperind.com.
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