Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM) and disability management, has entered into a definitive agreement to acquire QualCare Alliance Networks Inc. (QANI), a managed care organization serving the New Jersey, Pennsylvania and New York tri-state area.
This acquisition allows Mitchell | Genex |Coventry to strengthen its position in provider network access, care management and workers’ compensation services. QANI will become part of the Coventry organization, expanding its network footprint in that region.
Headquartered in Piscataway and Egg Harbor Township, New Jersey, QANI, owned by Cigna Corp., contracts with more than 100 acute, specialty and rehabilitation hospitals, as well as 40,000 professional providers. Additionally, QANI provides clinical management services that will complement similar programs offered by Coventry and Genex.
QANI President Alice Herron Lihou will continue in her role and report to Coventry President Art Lynch. The transaction is subject to customary closing conditions.
Source: Mitchell | Genex | Coventry
Topics Mergers & Acquisitions
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