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DST Systems, Inc. Acquires Assets of IntelliSource Healthcare Solutions
Jul 05, 2011 (05:07 PM EDT)
IntelliSource joins DST Health Solutions, expanding care management offering
KANSAS CITY, Mo., July 5, 2011 /PRNewswire/ -- DST Systems, Inc. (NYSE: DST) has acquired, through its wholly owned subsidiary, DST Health Solutions, LLC, the assets of IntelliSource Healthcare Solutions ("IntelliSource"), a provider of mission-critical business systems for health plans. Terms of the transaction were not disclosed.
The addition of the IntelliSource suite of solutions broadens DST Health Solutions' product offering for integrated care management, providing DST Health Solutions' health plan clients access to an array of valuable solutions – including integrated care management, workflow and analytics – that will enable them to collaboratively facilitate proactive care and optimize resources at all levels of the healthcare system. These interventions can lower medical costs while improving the quality of care provided to their members.
Mark McAdoo, chief executive officer of IntelliSource, will lead DST Health Solutions' new care management division as vice president, reporting directly to Steve Sabino, president of DST Health Solutions. IntelliSource co-founder, Frank Cerminaro, will continue to lead product development initiatives for the division.
"Under Mark's leadership, DST Health Solutions will continue to expand our investment in integrated care management solutions that help health plans improve care quality and increase efficiency," said Sabino.
"DST Health Solutions is an innovative industry leader," said McAdoo. "I am excited about the combined strength of our solutions and the benefits they will provide to health plans."
The information and comments in this press release may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors, risks, uncertainties or contingencies that could affect future actions or results, including but not limited to those set forth in DST's periodic reports (Form 10-K or 10-Q) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this press release to reflect future events.
SOURCE DST Systems, Inc.