Healthcare Solutions, Inc., a Duluth, GA-based portfolio company of Brazos Private Equity Partners, acquired Modern Medical, a pharmacy management and specialty health services company serving the workers’ compensation market.
The terms of the transaction were not disclosed.
Healthcare Solutions, which is the parent company of Cypress Care, Procura Management and ScripNet, is a market leader in the provision of product and service offerings across the entire medical spectrum in both the workers’ compensation and auto insurance markets. It also provides specialty healthcare services, including durable medical equipment and supplies, prosthetics and orthotics, diagnostic imaging, physical medicine, and transportation and language services, as well as managed care products including PPO networks, medical bill review and case management.
Commenting on the transaction, David A. George, CEO of Healthcare Solutions, said: “The addition of Modern Medical, with its strong cultural values and long-standing reputation for superior customer service, enhances the company’s capabilities to develop and expand its innovative solutions within both the workers’ compensation and auto markets and reinforces the company’s unique position as the premier technology-based platform company serving these markets“.