Press Release
| For Immediate Release | Contact: |
Quality Health Strategies Announces Merger with Masspro
Easton, MD – Quality Health Strategies (QHS) today announced the merger of Massachusetts Peer Review Organization, Inc. (Masspro), the Waltham, MA-based federally designated Medicare Quality Improvement Organization (QIO) for Massachusetts into its organization, effective July 1, 2009. QHS is the parent company of the Delmarva Foundation for Medical Care and the Delmarva Foundation of the District of Columbia, the QIOs for Maryland and the District of Columbia, respectively.
“We are excited about the next chapter in our corporate history,” said Dr. Roger C. Merrill, QHS’ Board Chairman. “Masspro operates in an attractive region with a growing economy. It has great employees and an outstanding network of business partners and stakeholders. Masspro also has a strong record in terms of customer service and a sound, conservative balance sheet. These strengths, added to those of QHS and its subsidiary organizations, will improve our collective ability to provide innovative services to more customers.”
“We believe the deal is a win-win for our employees, business partners and stakeholders” said Dr. Francis Moore, Jr., Chairman of the Board of Masspro. “We spent many months extensively exploring our strategic options. We think the advantages offered by QHS are the most compelling for our customers and employees.”
“The strategic value of the Masspro merger makes economic sense and will result in increased efficiencies and cost savings, enhanced revenues, growth potential and market expansion for the three QIOs,” said Merrill.
The Masspro merger aligns with QHS’ vision to be a nationally recognized leader in quality improvement through leadership, services and resources for improving health. While no immediate operational or management changes have been announced, simplifying the ownership structure is expected to lead to more efficient marketing and provision of services for the QIOs.
About Masspro
Masspro (www.masspro.org) develops and disseminates innovative solutions that transform patient care by improving its safety, effectiveness, and efficiency. Masspro focuses and leverages the power of information in order to provide improvement solutions that deliver maximum impact. Ms. Laura Moore, MPA will continue in her role as the President and Chief Executive Officer of Masspro.
About Quality Health Strategies
Quality Health Strategies (www.qualityhealthstrategies.org) was created in 2007 as a holding company for a group of organizations dedicated to transforming health systems. Subsidiaries include Delmarva Foundation for Medical Care, Inc.; Delmarva Foundation for the District of Columbia; Health Integrity, LLC; HealthWatch, Inc.; and Quality Health Foundation. With the addition of Masspro, QHS will operate 11 offices and provide services to the public and private sectors in 23 states. Christian E. Jensen, MD, MPH serves as the President and Chief Executive Officer of Quality Health Strategies and will be responsible for the consolidated operations.
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