ATLANTA -- (BUSINESS WIRE) -- Stratose, a leader in healthcare cost containment solutions for medical, dental and workers’ compensation claims, has announced the acquisition of the Mid-West based HFN, Inc. the largest, independently owned PPO network in Illinois. HFN’s expansive network of coverage includes clients and providers in Illinois, Northwest Indiana, Wisconsin, St. Louis, and Eastern Iowa.
“We are excited about this strategic acquisition of the premier Workers’ Comp and Group Health PPO in a major Mid-West market,” says Tina Ellex, President of Stratose. “Over the last 28 years, HFN has built an impressive suite of workers’ comp and group healthcare services for members and corporate clients. Their expertise in these markets and their connection with more than 80,000 providers represents our continued commitment to enhance the Stratose portfolio of services for our nationwide clients by offering a very local approach to healthcare.”
David Kolb, FACHE, founder and CEO of HFN says, “The opportunity to offer national relationships to a proven local provider partnership for both work comp and group health makes this integration significant. HFN’s provider partners and local employers should realize the business benefit of this integration immediately. The even greater advantage for our provider partners and local employers is that HFN’s presence and operations will remain local and now be powered by a national resource. That’s exciting!”
This acquisition by Stratose represents the fourth such strategic growth initiative in the past two years. The company executed three acquisitions in 2011, expanding services in the East Coast Markets, establishing a presence in the dental market, and broadening its capabilities in claims negotiations.
Stratose is a marketplace leader, providing comprehensive solutions for managing healthcare costs. Stratose utilizes proprietary technology and a suite of products and services to deliver industry leading discounts on medical, dental and workers' compensation billings by accessing direct provider contracts, PPO networks, provider negotiations, proprietary repricing including Medicare, to achieve industry leading savings for its national client base. Learn more at www.stratose.com.
HFN offers comprehensive healthcare management services, innovative Workers’ Comp return to work and Group Health programs, Claims Negotiation Service and a wide selection of other healthcare solutions for clients and members through its provider partners. In addition, HFN has been at the forefront of the healthcare industry with preventative health programs that improve the health of employees for a more productive and rewarding workforce for more than two decades. Learn more at www.hfninc.com.