National Research Corporation Acquires the Assets of Geriatric Health Systems, LLC
19 Setembro 2005 - 8:30AM
Business Wire
National Research Corporation (NASDAQ/NM:NRCI), a leader in
healthcare performance measurement, today announced the purchase of
substantially all of the assets of Geriatric Health Systems, LLC
(GHS), a healthcare survey research and analytics firm specializing
in measuring health status, health risk and member satisfaction for
health plans in the United States. Terms of the acquisition were
not disclosed. Commenting on the acquisition, Michael D. Hays,
chief executive officer of National Research Corporation, said,
"GHS is the ideal platform for NRC's entry into the commercial
health plan market, which represents a market equal in size to the
provider market in which we currently derive the majority of our
revenues. Given GHS's 20-year history, its client base represents
the best and the largest health plans across the country. GHS's
portfolio of products and services are on the cutting edge and are
a perfect match with the NRC recurring revenue business model."
Peter Yedidia, president and founder of GHS, LLC, said, "NRC's
depth in marketing and sales, combined with its past investment in
infrastructure, provides the ideal home for GHS. This combination
will result in enhanced services for our current clients as well as
expansion of our client base to an even greater number of health
plans." Pat Beans, chief financial officer of National Research
Corporation, added, "The acquisition fits perfectly with our
established capabilities and opens a large new market for the
Company. The acquisition is anticipated to be slightly accretive to
2005 earnings." Founded in 1985, GHS, a California-based LLC, is a
leader in the development and administration of proprietary surveys
for insurance risk stratification, patient outcomes and member
satisfaction for over 60 Medicare Advantage and commercial health
plans in 40 states. National Research Corporation, headquartered in
Lincoln, Nebraska, is a leading provider of ongoing survey-based
performance measurement, analysis, tracking services and
improvement services to the healthcare industry. The Company
addresses the growing need of healthcare providers and payors to
measure the care outcomes, specifically experience and health
status, of their patients and/or members. The Company has been at
the forefront of the industry in developing tools that enable
healthcare organizations to obtain performance measurement
information necessary to improve their business practices. This
press release includes "forward-looking" statements related to the
Company that can generally be identified as describing the
Company's future plans, objectives or goals. Such forward-looking
statements are subject to risks and uncertainties that could cause
actual results or outcomes to differ materially from those
currently anticipated. These forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. For further information about the
factors that could affect the Company's future results, please see
the Company's filings with the Securities and Exchange Commission.
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