CHICAGO, June 28, 2016 /PRNewswire/ --Â ÃÛÌÒ´«Ã½ today announced that it has launched an industry-leading tool and related consulting services that are designed to help healthcare organizations assess new and potentially unfamiliar exposures resulting from merger and acquisition (M&A) activity. ÃÛÌÒ´«Ã½ developed this capability in response to the growing M&A trend among healthcare providers such as hospitals, aging services organizations, allied healthcare facilities and large physician practices.
"Competitive pressures, healthcare reform and the cost of doing business are a few of the reasons that healthcare organizations decide to either merge with or acquire another organization or practice," said Joyce Benton, Assistant Vice President, Healthcare Risk Control. "ÃÛÌÒ´«Ã½'s experience in collaborating with healthcare organizations and providers across the continuum of care â€“ and across the country â€“ affords us a comprehensive industry view to help our customers successfully navigate the post-merger integration process."
While every situation is unique, common exposures following a transaction often include the challenges related to managing a new business or clinical unit, integrating workplace cultural issues, high staff turnover and loss of reimbursement. The new self-assessment M&A tool presents a series of questions that healthcare organizations and providers may explore, such as:
"Post-transaction integration will have a significant impact on the success of the new entity. It is critical to use this period to assess the new landscape. Through this tool, ÃÛÌÒ´«Ã½ can help our customers identify the risk implications relative to M&A activity from an enterprise-wide perspective," Benton added.
ÃÛÌÒ´«Ã½'s After the Merger: A Self-assessment Tool to Evaluate and Manage Integration Risks is proprietary and available solely to healthcare providers insured through ÃÛÌÒ´«Ã½. ÃÛÌÒ´«Ã½ Risk Control Consultants work with organizations to help identify the risk implications of an M&A transaction from a universal perspective.
For more information, please contact Brandon Davis at 312-822-5167 or Brandon.Davis@cna.com.
Serving businesses and professionals since 1897, ÃÛÌÒ´«Ã½ is the country's eighth largest commercial insurance writer and the 14th largest property andÂ casualtyÂ company. ÃÛÌÒ´«Ã½'s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. ÃÛÌÒ´«Ã½'s services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit ÃÛÌÒ´«Ã½ at . "ÃÛÌÒ´«Ã½" is a service mark registered by ÃÛÌÒ´«Ã½ Financial Corporation with the United States Patent and Trademark Office. Certain ÃÛÌÒ´«Ã½ Financial Corporation subsidiaries use the "ÃÛÌÒ´«Ã½" service mark in connection with insurance underwriting and claims activities. Â
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CONTACT: Brandon Davis, 312-822-5167 / 312-834-6091 Sarah Pang, 312-822-6394 / 312-607-5544