Matrix Medical Network Expands Its Population Health Platform with Acquisition of HealthFair
January 16 2018 - 12:00PM
Matrix Medical Network (Matrix) announced it has reached an
agreement to acquire HealthFair – the leading provider of mobile
health assessment and diagnostic testing services.
Matrix provides health assessment, quality improvement and care
management services through a nationwide network of over 5,800
community based providers directly to individuals in their homes
and care facilities. With the addition of HealthFair’s fleet of
mobile health clinics, health plan members will have even greater
choice and convenience in accessing important care and preventive
services.
“HealthFair has created a unique and scalable engagement
platform used by employers, health plans and healthcare providers,”
said Walt Cooper, President and Chief Executive Officer of Matrix.
“Adding their capabilities allows us to offer what we see as the
most comprehensive and engaging set of population health solutions
in the industry.”
HealthFair’s mobile health clinics are equipped with
sophisticated diagnostic technologies including laboratory,
ultrasound, EKG and mammography equipment, which expands the scope
of diagnostic and preventive services that will be provided by
Matrix. By making it easier for individuals to get the support and
preventive tests they need, compliance and health outcomes are
improved. “Over the past 20 years, HealthFair has been able to
develop and refine a unique and special approach to health
assessments,” said Terry Diaz, President of HealthFair. “By
combining our resources with Matrix, we will advance our shared
vision of creating an unmatched platform for connecting people to
the care they need.”
The HealthFair management team will continue to lead the
business as part of Matrix. HealthFair has developed deep domain
expertise in managing the logistics of operating a fleet of mobile
health clinics and driving member engagement. The transaction is
subject to standard regulatory review and is expected to close
within the next 30-60 days.
About Matrix Medical Network
Matrix Medical Network provides in-home assessments and
comprehensive care management services to health plan members that
improve health outcomes. Using an advanced technology platform,
Matrix providers visit with health plan members in their homes to
obtain a deeper understanding about how to best support the
members’ care needs. This information is used to ensure that
provider and health plan services are best aligned with the needs
of the member, resulting in better overall health outcomes. Matrix
is headquartered in Scottsdale, AZ, and partners with leading
health plans across the country. Matrix is backed by Frazier
Healthcare Partners and The Providence Service Corporation
(Nasdaq:PRSC) of Stamford, CT. For more information,
visit www.matrixmedicalnetwork.com.
About HealthFair
HealthFair is an emerging leader in preventive wellness and
provides health assessments, diagnostic testing, and care
management services for health plans and employers. Using a
nationwide fleet of mobile clinics equipped with diagnostic
technologies, HealthFair provides essential testing services and
supports patients' relationships with their primary care
physicians. By utilizing a sophisticated electronic medical
records system, HealthFair puts members' health information in the
hands of the right healthcare decision makers. This
information is invaluable to both the provider and health plan as
they work together to best serve the members' needs and improve
health outcomes. HealthFair is headquartered in Winter Springs, FL.
For more information, visit www.healthfair.com.
Matrix Medical Network Media Contact
David M. Goodspeed: office 480.862.1970 or
dgoodspeed@matrixhealth.net
Providence Service (NASDAQ:PRSC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Providence Service (NASDAQ:PRSC)
Historical Stock Chart
From Apr 2023 to Apr 2024