Jun 11 2012
Prime Health Services (Prime), one of the nation's largest workers' compensation, group health, corrections, and auto liability PPO networks is pleased to announce it has acquired Casualty Management Network (CMN).
“Prime's strategy also includes acquiring regional and local PPOs. CMN was a perfect fit with Prime and our overall business plan.”
CMN is a broad based PPO network with over 5,000 medical providers in the state of Colorado. Its providers are contracted for the workers' compensation, group health, and auto markets. Both coverage and discounts are substantial.
Brian Sharp, CEO of Prime, said yesterday, "This acquisition greatly enhances Prime's coverage in the state of Colorado for all of our product lines. CMN has done an excellent job in contracting the most desired providers in this prominent western state. Our clients will see an immediate impact on Prime's coverage and savings in Colorado." Sharp further stated, "Prime continues to enhance its place in the PPO market with this acquisition."
As the consolidation of PPOs continues nationally (especially in the workers' compensation market), Prime is executing its business strategy to aggressively contract the most sought after providers. For clients that use our Prime Metrics product, we also contract medical providers with the best empirical medical outcomes. As stated by Prime's VP of Network Management, Dorrence Stovall, "Prime's strategy also includes acquiring regional and local PPOs. CMN was a perfect fit with Prime and our overall business plan."