MedSave USA Completes Sale of Cost Containment Division to Global Excel Management

Jun. 30, 2014

Canada-based cost containment and claims management company Global Excel Management has announced its recent acquisition of the current cost containment business of MedSave USA, Inc. Match Point Partners acted as MedSave’s exclusive financial advisor.

According to Glen Moller, CEO of MedSave USA, the decision to sell the business has taken some time to come to fruition: “Several months ago, we made a decision to slowly exit the international cost containment market in order to concentrate on a new range of services. Our primary concern was continuity for our existing cost containment clients.” He added: “In Global Excel we found a perfect partner – with close to 20 years’ [experience] servicing the international cost containment industry, their reputation for customer service and performance has always been excellent.”

Reg Allat, CEO of Global Excel, commented: “MedSave’s clients are a natural fit for us and the response has been very positive. We were very pleased that MedSave USA trusted our reputation for being client oriented and performance focused. We’re very confident that we’ll be able to provide significant value to these new clients. Global Excel will continue to concentrate on our corporate objective of both horizontal and vertical expansion, both through organic growth and qualified acquisitions.”