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PressReleases 
Articles HEALTH SYSTEMS INTERNATIONAL EXPANDS WORKERS’ COMPENSATION COST CONTAINMENT SERVICE LINES THROUGH ACQUISITION OF BRIDGEWAY MEDICAL
Thursday, September 11th, 2008
Indianapolis, Indiana. – September 3, 2008 – Health Systems International, a leading provider of outsourced medical cost management solutions to payors and health care provider networks around the world, today announced that it has acquired Bridgeway Medical. Bridgeway has been in the business of providing Medical Bill Review and Auditing Services as well as RX solutions to the workers’ compensation market since 2000.
Russell W. Sherlock, Chief Executive Officer of HSI, said, "Bridgeway makes an exceptional fit for HSI by enhancing our services in the disability, liability and workers’ compensation markets and giving us an expanded presence in the Southeast. Bridgeway’s exceptional audit and RX solutions will broaden our solutions and savings potential available to our current clients. ”
“Bridgeway’s current customers will benefit from access to HSI’s PPO network relationships, technology and existing workers’ compensation services, which can now be integrated with Bridgeway’s existing cost containment solutions”, Sherlock added, “Overall, we were very impressed with Mike Hoover and his team. The combination of our companies will produce better results for our customers. The expanded breadth of our combined services is fulfilling our vision to become the leading provider of medical cost management solutions.”
Mike Hoover commented: “This is a very exciting opportunity for Bridgeway since our company, our leadership and our employees will enhance HSI’s growth and available solutions in the workers’ compensation market. HSI’s health care expertise, complementary service solutions and financial backing made them the perfect partner for our future. We will now be able to offer a complete, fully integrated medical cost management solution to our combined clients.”
