QualCare Inc. Acquires Scibal Associates, Inc.
Scott-Macon Healthcare Group provides M&A services to QualCare.August 2010
QualCare Inc., a subsidiary of QualCare Alliance Networks, Inc., announced the acquisition of Alterra Group, Inc. Scott-Macon’s Healthcare Group acted as exclusive financial advisor to QualCare, Inc. in this transaction.
Alterra Group, Inc. is the holding company for Scibal Associates, Inc. and Encentives, Inc. This privately held firm, headquartered in Somers Point, New Jersey, specializes in providing third-party administrative services for property & casualty and workers’ compensation claims since 1953.
About QualCare Inc.
QualCare, Inc. is the largest full service, provider-sponsored managed care organization owned and operated in the State of New Jersey. It services over 900,000 members, with a clientele that spans health systems, unions, local governments, school boards, and other commercial employers. QualCare’s network covers over 100 acute, specialty and rehabilitation hospitals, as well as over 40,000 physicians and other ancillary providers across New Jersey, Pennsylvania and New York.
About Scott-Macon’s Healthcare Group and M&A Services
Scott-Macon’s Healthcare, Medical & Pharmaceutical Group’s professionals have completed mergers and acquisitions with companies from all segments of the industry 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, the group has completed over 170 mergers and acquisitions and financing transactions with an aggregate value exceeding $5 billion.
Advising clients on middle market merger and acquisitions in a broad range of industries, Scott-Macon’s M&A professionals have extensive experience. Our clients have ranged from large global corporations looking to expand their existing operations to private equity funds seeking to build a new or existing portfolio investment. Scott-Macon’s professionals custom tailor the firm’s services to meet the specific objectives for our clients, helping them to reach their individual goals.