Click for a FREE Health Insurance Quotes

Jacksonville-Based Medical Service Company Acquired By Dallas Company

A Dallas-based company that, among other things, operates diagnostic centers in hospitals has acquired Jacksonville-based Specialty Disease Management Services.

The acquisition, by U.S. Preventive Medicine, will generate jobs locally. Financial terms of the deal not revealed.

SDM awarded a two year; almost $10 million contract to provide disease management services to Florida's 8,000 Medicaid beneficiaries with HIV/AIDS. However, an administrative law judge last month suggested SDM's proposal be rejected and the two-year contract be redone, because Florida's Agency for Health Care Administration does not have sufficient information to conclude whether the company had the financial capability to execute the contract.

 

 

Click for a FREE Health Insurance Quotes