First Health

Workers' compensation company acquired by managed-care firm

Published in Hospital Law Weekly, May 13th, 2004

First Health (NASDAQ:FHCC), specializing in workers' compensation managed care, has acquired COMP Medical, a workers' compensation company headquartered in Woodland Hills, California, that specializes in appointment setting for chronic pain management, diagnostic imaging and electrodiagnostic procedures, as well as Medicare set-aside allocations.

COMP Medical has been renamed First Health Priority Services, Inc. The cash purchase price of the transaction approximates $6 million, subject to additional purchase price considerations depending on future performance. The acquisition is expected to add approximately $20 million in annual revenue.

Through a...

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Source: Hospital Law Weekly (2004-05-13)

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