BRENTWOOD, Tenn., June 25 INSPIRIS, theBrentwood, Tenn.-based provider of care and care management services for frailand chronically ill seniors, announced that it has reached agreement toacquire Care Level Management of Woodland Hills, Calif. Care Level Managementprovides physician care and care management services to enrolled patients intheir homes on behalf of their respective health plans.
"INSPIRIS has been in the process of expanding our service line offeringsto include frail, medically complex patients living in an individual homebased setting. This acquisition accelerates our movement into this large,underserved market segment," said Mike Tudeen, INSPIRIS' president and chiefexecutive officer. "This is an attractive move for INSPIRIS, not only becauseof the significant market presence and service offering expansions, butbecause the companies are almost identical in terms of delivery model, patientcare philosophy and culture."
Care Level Management filed for bankruptcy protection on May 5, largely asa result of the loss of a large CMS demonstration project in December 2007.During the proceedings, INSPIRIS worked closely with Care Level Management'sexecutive team as well as the United States Bankruptcy Court (Central Districtof California - San Fernando Valley Division), to ensure that services to avery vulnerable patient population were not disrupted.
INSPIRIS' core business focus is improving the quality of life for thefrail elderly, the chronically ill and those with disabilities, while reducingthe cost to Medicare Advantage, Medicaid and commercial health plans. INSPIRISnurse practitioner-led teams provide services to enrollees primarily in thenursing home and assisted living settings. INSPIRIS also offers hospice careservices in a number of markets.
The Care Level Management acquisition will add 1,600 high risk patients,more than 50 experienced employees, three new geographic markets, expansion ofthree current markets, and several new health plan customers. The acquisitionincreases the number of patients under INSPIRIS' care by more than 35 percent.
"This is both a strategic and a synergistic acquisition for INSPIRIS,"Tudeen said. "We are delighted to move forward with the addition of CareLevel Management's expertise and positive program outcomes. Combined, the twocompanies offer a broad, very attractive set of services to health plans whoare trying to improve quality and lower costs on a very expensive,underserved, subset of their membership. Most importantly, the services makea tremendous difference in the lives of the frail patients, and theirfamilies, that we serve."
INSPIRIS is a unique health care management company focused on improvingthe quality of life for the frail elderly, chronically ill and those withdisabilities, while reducing the cost to Medicare Advantage health plans.INSPIRIS partners with individual health plans to coordinate and provide careacross the diverse settings where members need care, including post-acute,custodial, assisted living and hospice. For more information about INSPIRIS,visit www.inspiris.com.For further reading about the INSPIRIS way:http://www.inspiris.com/newsarchive/IB_20061214.pdf