ARLINGTON, VA. AUGUST 8, 2008. Today eknow, inc announced that benefit management provider HealthExtras of Rockville, Maryland, will use eknow Integrator to facilitate its latest acquisition. Earlier this week, HealthExtras announced they are acquiring Immediate Pharmaceutical Services of Avon Lake, Ohio, a prescription mail service center, for $40 million in cash.
“The speed and efficiency improvements to the post-merger integration phase of M&A made possible by eknow Integrator will benefit the HealthExtras integration team,” says eknow CEO Alan Croll. “We’re pleased to be able to help HealthExtras grow their business through acquisition.”
eknow Integrator is a secure, web-based tool designed to streamline and speed the complex set of tasks in post-merger integration. As an online service, Integrator has a short ramp up time, nothing to install, and is easy to use. Its execution, tracking, and communications capabilities have been designed with input from a team of world-class M&A experts, enabling the integration team to:
“HealthExtras joins a growing list of companies that are discovering how eknow Integrator can improve the bottom line in post-merger integration,” says Mr. Croll.