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Tela Sourcing, Inc., an Adaptis Company, Acquires HealthASPex Business

Friday, November 9, 2007 General News J E 4
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SEATTLE, Nov. 8 Adaptis, a business integration providerfocused exclusively on health payers, announced its majority-owned company,Tela Sourcing, Inc., has purchased HealthASPex (HAX) through an asset sale.HAX provides onshore mailroom, scanning, EDI and PPO routing services to ThirdParty Administrators (TPAs) and Preferred Provider Organizations (PPOs).

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"Tela's streamlined front-end service is an integral part of our ownfull-spectrum business integration solution," states Jim Anderson, Presidentand CEO of Adaptis. "Our health payer clients come to one place for all theiroperational functions; now we can offer them an expanded service resource foronshore front-end work, nationwide."

"We've been seeking to expand our onshore front-end services -- whatbetter way than through a proven relationship?" asks Brij Sharma, Tela's CEO."HealthASPex has provided Tela with onshore local mailroom and scanningfunctions for some time and the quality and consistency of delivery has beenvery impressive." Bob Carlin, President of HealthASPex will join Tela asSenior Vice President and continue to oversee all onshore operations.

Tela has grown steadily since 2003, with multiple onshore partners formailroom and scanning operations. HAX presented an opportunity to also provideonshore front-end claims services. "We wanted to offer a one-stop onshore andoffshore solution that handled mailroom, EDI, scanning and OCR -- plus all-important PPO routing," explains Sharma.

Sharma points out that the acquisition will enhance current Tela functionsand adds some key strategic benefits. The company continues local partneringstrategies stressing quality, economy and local presence. Also Tela gainsanother highly efficient OCR engine and the associated source code. The dealalso allows them to enhance its PPO routing capability, furthering itscompetitive stance.

In addition to the front-end offerings through Tela, Adaptis offers fullclaims administration, medical management, benefits administration andmanagement -- with proven, consistent, industry leading service levelperformance.

About Adaptis

Adaptis is a business process integration company committed exclusively tohealth payers -- Medicaid managed care, Medicare Advantage and commercialplans. Using top-rated enterprise software specifically developed for healthpayers, Adaptis administrative and medical management services free healthpayers from business process logistics so they can focus on member care.Headquartered in Seattle, Adaptis has a regional operations center in Yakima,Washington and through its majority-owned company, Tela Sourcing Inc., an ISO9001:2000 certified international facility in Pune, India. For information onour full complement of services, visit www.adaptisinc.com.

For further information, please contact Cheryl Isen of Isen and Company,+1-425-222-0779, Cheryl@IsenandCo.com, for Adaptis.

SOURCE Adaptis
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