July 20, 2004 admin

Private Healthcare Systems To Acquire American LIFECARE

Waltham MA– American LIFECARE a leading independent PPO network headquartered in New Orleans today announced it has signed an agreement to be acquired by Private Healthcare Systems (PHCS) of Waltham MA, the nation’s leading health care cost management company.

American LIFECARE has a 20-year history of providing managed care networks and services across the South. American LIFECARE operates a regional network of more than 400 hospitals, 17,000 providers and 1,400 ancillary providers in Alabama, Arkansas, Louisiana, Mississippi and Tennessee. In 2003, the company received NCQA Certification for Utilization Management, a distinction only a handful of managed care organizations nationwide have earned.

“PHCS and American LIFECARE are both deeply committed to the integrity of our networks and services,” said Ed Michael Reggie, American LIFECARE’s founder and Chairman of the Board. “Our new relationship will enable us to tap into the premier resources offered by PHCS. The results to our customers will be enhanced savings and seamless national coverage.”

Prior to the sale, the PHCS Network included nearly 425,000 providers and 3,700 facilities. This acquisition will create the 11th regional office for PHCS. The company will be known as American LIFECARE, a division of Private Healthcare Systems.

Kristin Hutchins, President of American LIFECARE, led the team that negotiated the sale, and will remain as Division Vice President.