Managed Health Care Associates, a Florham Park, N.J.-based company providing group-purchasing and pharmacy services to alternative-site healthcare providers, has acquired MED Group, a Lubbock, Texas-based company providing group-purchasing and business solutions to home-care providers.
Managed Health Care Associates acquires Texas company
Financial details of the acquisition have not been disclosed, but under the agreement, MED Group will retain its name. MED Group CEO Bill Elliott is expected to step down from his position, but he will stay on temporarily as a consultant to assist with the transition, according to a news release. All other members of the MED Group management team will join MHA as full-time employees.
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