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National Provider Network and Medical Resource are acquired by MedAvant Healthcare Solutions



31-Aug-2010


National Provider Network and Medical Resource has announced that the two companies have been acquired by MedAvant Healthcare Solutions. MedAvant Healthcare Solutions provides healthcare transaction processing, medical cost containment, and business process outsourcing services for providers and payers. MedAvant, a trade name for ProxyMed, is publicly-traded on NASDAQ. National Provider Network and Medical Resource operate a national Preferred Provider Organization consisting of approximately 175,000 physicians, 1,900 hospitals and 15,000 ancillary providers in all 50 states.

Scott-Macon acted as exclusive financial advisor to National Provider Network and Medical Resource in this transaction.