Professional Outsourcing: Peer Review Buys Key Vista Associates
November 11, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Peer Review Mediation and Arbitration, Inc. (OTCBB: PRVW) said it has acquired Florida-based Key Vista Associates, Inc. for cash, restricted stock and a note to launch an internal medical enterprise staffing and professional employer organization.
Under the deal, Peer Review acquired all of the issued and outstanding common stock of Key Vista for $4,188,350 comprised of $113,350 in cash, 200,000 shares of PRVW restricted common stock and a $75,000 note due in quarterly installments beginning January 2011.
Willis Hale, CEO of Peer Review, said, "This acquisition will jump start our efforts to service our existing 17,000-plus doctor base and new clients in outsourcing the management of human resources, employee benefits, payroll and workers’ compensation, a major source of physician stress and expense.”
Florida-based Peer Review Mediation and Arbitration offers attorneys, insurers and healthcare entities access to a network of consulting physicians and medical expert witnesses in the United States.
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