QualCare Acquired by Cigna
Scott-Macon's Healthcare Group advises QualCare during its sale to Cigna.March 2015
QualCare, one of the leading healthcare and workers’ compensation services companies in New Jersey, announced that they were acquired by Cigna, a national healthcare insurance and services company with revenues of $34 billion. Scott-Macon acted as QualCare’s exclusive financial advisor in this transaction.
QualCare Alliance Networks, Inc. (QANI) was founded by Annette Catino in 1993. QANI serves as the parent organization to the following companies: QualCare, Inc., New Jersey’s largest, provider-sponsored, managed care company; Qual-Lynx, a workers’ compensation managed care provider and multi-state third party administrator for property, casualty and workers’ compensation; Health-Lynx, the region’s backbone for establishing Accountable Care Organizations; QualCare Captive Insurance Company, Inc., the first sponsored cell captive insurance structure approved by the Captive Division in New Jersey; and QualCare Management Resources, Inc., a company which provides insurance management and financial services to regulated insurance programs. Through its leadership team and Board of Directors, QANI oversees management and operations for all five companies.
About Scott-Macon’s Healthcare Group and M&A Services
Scott-Macon proudly serves companies including domestic and international privately-held businesses, mutual and not-for-profit organizations, publicly traded companies and private equity firms. Led by Nathan D. Cortright, Scott-Macon’s Healthcare, Medical & Pharmaceutical Group professionals have completed over 170 mergers, acquisitions, and financing transactions with an aggregate value in excess of $5 billion.
Utilizing experience in both domestic and international advisory, Scott-Macon’s M&A professionals have assisted clients on the purchase or sale of companies, subsidiaries and business units in a broad range of industries. We assist clients in all stages of the sale or acquisition process and develop strategy, acquisition parameters and purchase constraints before the initiation of the program.