Contracting News

Sempermed announces Jeff Benson as Eastern Region Manager – Alternate Care
Sempermed (Clearwater, Fla.) announced the hiring of the newest member of the Alternate Care leadership team, Jeff Benson, to the position of Eastern Region Manager. Benson is responsible for managing Sempermed’s Alternate Care sales team in the East. A graduate of the University of South Florida, he comes to Sempermed with many successful years of medical sales experience with Donovan Industries and LabCorp. Most recently, Benson was a key account executive and regional manager at LabCorp.

Welch Allyn names Hennigan as CFO
Welch Allyn (Skaneateles Falls, N.Y.) named Joseph Hennigan as EVP and CFO. He will lead the Welch Allyn global finance team to align finance and business strategies with the strategic objectives of the privately-held business, and will report directly to president and CEO Steve Meyer. Hennigan most recently served as managing director of the Allyn Family Office, a provider of legal, tax, investment and other services to the shareholders of Welch Allyn

CMS pays out $7.7B in EHR payments through September 2012
CMS (Baltimore, Md.) announced that more than $7.7 billion has been paid out in incentive payments through the Medicare and Medicaid EHR programs, with $20 billion more expected to be paid to the more than 300,000 physicians and 4,000 hospitals enrolled in the two programs created under the American Recovery and Reinvestment Act of 2009. The two programs have made 4,211 payments totaling nearly $4.9 billion to 3,044 unique hospitals, with almost $2.6 billion paid through Medicare and slightly more than $2.3 billion paid through Medicaid. The number of hospital payments made can exceed the number of hospitals enrolled because hospitals can receive payments under Medicare, Medicaid, or both, while physicians can only be paid through one program or the other.

Humana to acquire Metropolitan Health Networks for $850M
Humana Inc (Louisville, Ky.) signed a definitive agreement to acquire Metropolitan Health Networks Inc (Boca Raton, Fla.) for approximately $850 million plus transaction costs. Metropolitan is a medical services organization that provides and coordinates medical care for approximately 87,500 Medicare Advantage, Medicaid, and other beneficiaries, primarily in Florida. Terms of the agreement call for Metropolitan stockholders to receive $11.25 per share in cash from Humana for each Metropolitan share. Humana will also pay all of Metropolitan’s outstanding debt. Pending shareholder approval and customary closing conditions, including expiration of the Hart-Scott-Rodino anti-trust waiting period, the acquisition is expected to close by the end of Q1 2013. Humana anticipates the transaction will be modestly accretive to its earnings for FY 2013.

In the October issue of The Journal of Healthcare Contracting (“Designs on the Future”), we mistakenly reported that North Mississippi Health Services, Inc. has a med/surg and pharmacy spend of $1.3 million. Its actually spend is $130 million, excluding capital. We apologize for this error.

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