Premise Health Continues Expansion With Acquisition Of IMWell Health

Nation's Leading Worksite Health Company Acquires Multi-Employer Primary Care Clinic Provider

Feb 09, 2016, 09:00 ET from Premise Health

BRENTWOOD, Tenn., Feb. 9, 2016 /PRNewswire/ -- Premise Health, a leading worksite health and patient engagement company, announced today that it has acquired IMWell Health, LLC.  Headquartered in Fort Smith, Arkansas, IMWell specializes in primary care clinics for mid-size companies and municipalities.  The acquisition marks another advancement in Premise Health's strategic expansion to improve the cost and quality of employer health care.

Premise Health has invested significantly in developing new employee health solutions since it was formed through the merger of CHS Health Services and Take Care Employer Solutions in 2014.  The company provides personalized care to more than 200 of the nation's leading employers, including many of the Fortune 1000, through onsite health clinics.  With the addition of IMWell, Premise Health extends its expertise and services to clinics that serve and are located near multiple employers, including mid-size companies, school districts and municipalities.

"The addition of IMWell is a natural next step in our effort to expand our capabilities for serving the mid-sized employer and public employer markets," said Stu Clark, chief executive officer, Premise Health. "IMWell's multi-employer, near-site model is an excellent platform from which to leverage our patient engagement and health improvement strategies to a broader market.  We are excited to have the IMWell organization join the Premise Health family."

Founded in 2004, IMWell has grown to operate 17 onsite and multi-site clinics that serve more than 65,000 employees and their family members.  The clinics provide acute care, chronic disease evaluation and care management to small and mid-size corporate employers, municipalities and school districts primarily located in the Southwest region of the United States.

"This is an ideal partnership for both of our organizations," said Dan Parker, CEO, IMWell.  "Our companies share similar values and are both dedicated to improving the health and wellness of employees and their family members.  We are looking forward to gaining access to Premise Health's extensive clinical, operational and technology resources, as well as sharing our expertise in operating multi-employer clinics." Clark added that strategic acquisitions, such as that of IMWell, will continue to be a key component of Premise Health's growth plan.

ABOUT PREMISE HEALTH
Premise Health is a leading worksite health and patient engagement company dedicated to improving the cost and quality of employee health care. With more than 40 years of experience, Premise Health manages more than 500 worksite-based health and wellness centers across the country. The company serves more than 200 of the nation's leading employers, including a significant number of the Fortune 1000. Premise Health is a company of Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. For more information on Premise Health, visit www.premisehealth.com.

ABOUT IMWELL HEALTH
IMWell Health is a leader in developing on-site and multi-employer primary care clinics customized to meet employers' specific needs. Established in 2004, the company consists of dedicated medical professionals who specialize in improving the health and productivity of the unique workforces they serve. This provides its clients with an enhanced ability to stabilize and lower their overall healthcare costs through IMWell Health's Patient Centered Medical Home – a commitment to optimal outcomes driven by a compassionate partnership between our medical teams and employers, patients and families. For more information, visit the IMWell Health website at www.imwhealth.com.

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SOURCE Premise Health



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