QuadMed to acquire Novia CareClinics

Workplace clinic operator QuadMed announced on Oct. 9 that it will acquire Novia CareClinics within the next 30 days.

Both companies provide employer-sponsored healthcare management and on-site primary care. Combined, they serve more than 150,000 patients in 90 clinics across 18 states.

Under the agreement, QuadMed will absorb all of Novia CareClinics' operations and merge the companies' executive management and operations teams. Tim Dickman will continue to serve as president of QuadMed, while Novia CareClinics President Eric Olson will become a member of QuadMed's executive management team. The company will maintain administrative operations in both Sussex, Wis., where QuadMed has its headquarters, and Indianapolis, where Novia CareClinics is based.

According to a company news release, the transaction will enable them to offer the best of their respective models to a wider range of employers while improving access to quality healthcare at reduced costs.

“This acquisition is a cultural and strategic fit that supports both companies' vision for growth,” Dickman said in the release. “Novia's leadership in developing and managing on-site and shared primary-care clinics for small to mid-size companies and the public sector complements QuadMed's successful model of ground-breaking healthcare management solutions for larger companies with a national presence.”

QuadMed is a subsidiary of commercial printer Quad/Graphics, which founded the company in 1990 to improve its own access to quality and cost-effective healthcare. Novia CareClinics was established in 2006 out of medical stop-loss insurance provider Novia Underwriters.

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