Buyer: Paramount Health
Seller: Health Resources Inc.
Sector: Dental, Health Benefit
HAMMOND, KENNEDY, WHITNEY & COMPANY, INC. ANNOUNCES SALE OF HEALTH RESOURCES, INC. TO PARAMOUNT HEALTH
Indianapolis, IN – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced t the sale of its portfolio company, Health Resources, Inc. (“HRI”). HRI, headquartered in Evansville, Indiana, is a leading provider of dental benefit programs to employers across Indiana and Kentucky. For additional information on the Company, please visit www.insuringsmiles.com/.
The buyer is Paramount Health (“Paramount”), a member of ProMedica, based in Toledo, Ohio.
“HKW was a valuable partner to our company over the last two years,” said Terry Bawel, HRI CEO. “They assisted us in thinking through our strategic direction and worked in cooperation with us to create value over our two-year partnership.”
“HRI was a pleasure to work with over our hold period,” added Jeff Wood, HKW Senior Partner and former Chairman of the HRI Board. “The company had a great product and a leading position in its markets. In addition, the management team was highly motivated to improve operations during our ownership. These attributes made for a rewarding partnership.”
What does this transaction mean for the strategic options for your healthcare business? Contact us at Paragon Ventures for more information. 800-719-1555 www.paragonventures.com