Global Excel acquires Olympus
Canada-headquartered Global Excel Management Inc. has announced its acquisition of US-based cost container Olympus Managed Health Care Inc., and its associated companies, Olympus Healthcare Solutions México SA, ChoiceNet International México SA and Healthcare Concierge Services Inc.
A statement from Global Excel read: “With this acquisition, Global Excel reinforces its position as the leading supplier of cost containment, claims management and medical assistance services in the industry. Both organisations feel that the synergies experienced with this fusion will bring benefits on domestic and international levels.”
Steven W. Jacobson, chairman, CEO and founder of Olympus, commented on the deal: “In the process of planning strategic position we considered a sale of the company. The only way we would consider a sale was upon the condition that the buyer would need to be in a position and have the ability to continue, not only the aggressive growth, but also … the values we had created.” He continued: “Ironically it was in a key competitor that we found the capacity and drive that would satisfy these significant conditions. The combination of our network management, our strength in the destination and expat markets and our position as market leader in [the] Latin America market along with Global Excel’s history of experience in complementary skills and markets, made it evident they were an ideal purchaser. I am confident and pleased that we have been acquired by a company who will ensure the legacy of Olympus continues for its clients and employees.”
Reg Allatt, CEO of Global Excel, added: “Olympus was a very natural fit for Global Excel. Each organisation has strengths which will complement each other perfectly. The response from clients and employees from each group has been overwhelmingly positive. We were very pleased that Olympus, ChoiceNet International and Healthcare Concierge Services Inc. trusted our reputation for being client oriented, innovative and performance focused. We’re very confident that together we’ll be able to provide significant added value to existing and new clients.”