BOSTON, July 1 /PRNewswire/ -- MCMC LLC, a leading national provider of independent medical reviews, examinations, and related services, today announced that Michael Lindberg has joined the company as Chief Executive Officer. Mr. Lindberg brings to MCMC over 20 years experience leading entrepreneurial companies in the health care cost containment industry.
During the course of his career, Mr. Lindberg has helped several leading companies in the industry to expand and grow both organically and through acquisitions. Most recently, he was Executive Vice President of National Healthcare Resources, Inc. and served as President of its Managed Care division. He helped the company grow to $140 million annual revenue until it was eventually sold to Concentra Inc.
Meridian Venture Partners (MVP), a leading Mid-Atlantic private equity firm, acquired a controlling interest in MCMC in October 2002. MVP has funded MCMC’s growth into a leading national player in the independent medical review and examinations industry. The hiring of Mr. Lindberg is an important strategic step, providing the company with a demonstrated industry leader who will drive MCMC forward in the fast-growing health care cost containment industry.
Joe Hawke, General Partner of Meridian Venture Partners, says, “Mike Lindberg was our clear first choice to drive MCMC’s growth strategy forward. Managed care and claims management services continue to offer opportunities for growth and consolidation, and Mike brings a track record of developing profitable growth platforms, as well as extensive networking opportunities within the industry. We look forward to seeing the results of his dynamic and collaborative leadership style at this exciting MVP portfolio company.”
MCMC has an outstanding history of offering cutting-edge review and exam services to health care utilization review and claims management companies. Today, the company provides services in two core areas: Independent Medical Reviews (IMRs) and Independent Medical Examinations (IMEs). MCMC currently performs in excess of 50,000 independent medical reviews and 18,000 independent medical examinations annually, helping many of the nation’s largest health care, insurance and business communities assess, improve, and assure the delivery of quality of health care.
In commenting on his new role, Mr. Lindberg says, “The opportunity to lead MCMC was the perfect fit for the skill set I have developed over the past 20 years in the insurance, health care and managed care services industries. The types of review and exam services provided by MCMC are reflective of the outsourced referral services that you can effectively build a strong regional and national management team around in order to grow a quality business. The MCMC review and exam services are also complementary to other integrated services that are either outsourced or handled internally by insurance carriers, third party administrators, self insured corporations and managed care companies in the workers’ compensation, group health, auto and disability industries. MCMC has developed a successful business model and I look forward to expanding the company nationally through organic growth and strategic opportunities, complementary to our referral business.”
About MCMC LLC: Independent Medical Reviews (IMRs)
Peer Review Analysis(R) (PRA(R)), established in 1984, pioneered the concept of peer review and was one of the nation’s first Independent Review Organizations. PRA provides timely, independent reviews that comply with regulatory and accrediting body standards, legal mandates, plan language and contractual obligations; specializing in high-volume group health, pharmaceutical, workers’ compensation, disability, personal injury and long- term care usually involving issues of treatment appropriateness and medical necessity.
Medical Care Ombudsman Program (MCOP), established in 1992, was founded to assist patients, employers, health insurers and managed care organizations in making informed decisions about highly-complex, contentious, and frequently controversial medical cases by providing objective reviews of cases in all domains of medicine and at all levels of technology.
Independent Medical Examinations (IMEs)
Country-Wide Independent Exams, LLC, established in 1992, is a wholly- owned subsidiary of MCMC and manages IME services. Country-Wide specializes in reducing the pervasive costs of excessive treatment covered by no- fault/automobile, workers’ compensation, liability and disability insurers.
About Meridian Venture Partners:
Meridian Venture Partners is a leading Mid-Atlantic private equity firm focused on investing in middle market companies with $10-100 million in revenues through buyouts, recapitalizations and expansion capital financings. Founded in 1987, the firm manages over $175 million in capital from its Radnor, PA offices. MVP leverages its professionals’ expertise and its capital by partnering with accomplished management teams to build successful companies. Deploying a sector-diversified portfolio strategy, MVP invests in industries including business services, healthcare, publishing and media, manufacturing, and consumer-related companies.
MCMC LLC
CONTACT: Tony DeFazio, Executive Vice President, Gregory FCA,+1-610-642-8253, defazio@gregoryfca.com, for MCMC LLC; or Joseph Hawke,General Partner, Meridian Venture Partners, +1-610-254-2999,jhawke@meridianventures.com; or Jenifer Bernstein, Marketing Communications,MCMC LLC, +1-617-375-7746, jenifer.bernstein@mcmcllc.com
