LONG BEACH, Calif., July 8 Arthur Henkel, a longtimeveteran of both healthcare and investment banking, has been appointed vicepresident of mergers and acquisitions for SCAN Health Plan, company Presidentand CEO David Schmidt announced today. With this appointment, the not-for-profit health enterprise has strengthened its commitment to grow and expandits reach beyond its current base in Southern California and Arizona with acontinuing focus on the Medicare-eligible population.
"The number of Americans currently enrolled in government-sponsoredprograms for seniors and the disabled is continuing to rise and will sooncomprise nearly 40 percent of our nation's current health expenditures," saidSchmidt. "Over the past 30 years, SCAN has built a unique knowledge base ofserving this population. Aggressively exploring other markets into which wecan take our track record of success not only makes good business sense but isfully consistent with our mission of service to these individuals."
According to Schmidt, as a regionally based health plan, SCAN currentlyhas only a "limited ability to participate in and influence public policydebates about proposed changes to the healthcare systems for seniors andpersons with disabilities. By exporting our experience into other markets, webelieve SCAN can play an important role in advocating for seniors andpositively influencing the direction of a variety of geriatric care issuesconfronting our nation," Schmidt said.
Henkel brings to his new role more than three decades of investmentbanking experience, during which time he arranged financings totaling inexcess of $15 billion for healthcare clients nationwide. Aside from capitalmarkets transactions, Henkel also acted as financial advisor in a number ofmerger and acquisition assignments involving hospitals, long-term carefacilities, specialty hospitals, renal care providers and managed careorganizations. He began his career as a consultant with Booz, Allen andHamilton and later served in an administrative position at New England MedicalCenter in Boston.
A graduate of the University of Connecticut with concentrations ineconomics and history, Henkel received an MBA from the University of Chicagowith concentrations in finance and healthcare administration. There he was therecipient of the Mary H. Bachmeyer Award as the top graduating student inhealth care administration. While at New England Medical Center, Henkel alsoserved as a clinical instructor at the Tufts University Medical School,teaching a course on healthcare economics.
For more than 30 years, SCAN Health Plan has been focusing on the uniqueneeds of people with Medicare and today is the fourth largest nonprofitMedicare Advantage Plan in the United States. The company currently servesmore than 105,000 members in Los Angeles, Orange, Riverside, San Bernardino,San Diego, Ventura and Kern counties. In Arizona, SCAN offers a health planfor Medicare and Medicaid-eligible individuals and also provides long-termcare services to individuals enrolled in the state's long-term care system inMaricopa County. Further information may be obtained atwww.scanhealthplan.com.
SOURCE SCAN Health Plan