Global Excel Management Inc. Acquires Olympus Managed Health Care Inc.

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Global Excel Management Inc. announces our acquisition of Olympus Managed Health Care Inc., and its associated companies, Olympus Healthcare Solutions México SA, ChoiceNet International México SA and Healthcare Concierge Services Inc.

Global Excel Management Inc. is pleased to announce our recent acquisition of Olympus Managed Health Care Inc., and its associated companies, Olympus Healthcare Solutions México SA, ChoiceNet International México SA and Healthcare Concierge Services Inc.

With this acquisition, Global Excel reinforces its position as the leading supplier of cost containment, claims management and medical assistance services in the industry. Both organizations feel that the synergies experienced with this fusion will bring benefits on domestic and international levels.

According to Steven W. Jacobson, Chairman, CEO and Founder of Olympus, “In the process of planning strategic position we considered a sale of the company. The only way we would consider a sale was upon the condition that the buyer would need to be in a position and have the ability to continue, not only the aggressive growth, but also sustain the values we had created. Ironically it was in a key competitor that we found the capacity and drive that would satisfy these significant conditions. The combination of our network management, our strength in the destination and expat markets and our position as market leader in Latin America market along with Global Excel’s history of experience in complementary skills and markets, made it evident they were an ideal purchaser. I am confident and pleased that we have been acquired by a company who will ensure the legacy of Olympus continues for its clients and employees.”

Reg Allatt, CEO of Global Excel, adds, “Olympus was a very natural fit for Global Excel. Each organization has strengths which will complement each other perfectly. The response from clients and employees from each group has been overwhelmingly positive. We were very pleased that Olympus, CNI and HCS trusted our reputation for being client oriented, innovative and performance focused. We’re very confident that together we’ll be able to provide significant added value to existing and new clients. More importantly, we found that the core values in Olympus were the same as ours, and that included a very strong focus on our respective employees. In the future, Global Excel will continue to concentrate on our corporate objective of both horizontal and vertical expansion, both through profitable organic growth and qualified targeted acquisitions.”

Over the next few months the goal of both management teams will be to continue providing the highest level of service to our respective clients. We’ll be focusing on identifying those synergies which will bring added value to existing clients and allow both Olympus and Global Excel to extend their service offering to new markets and clients. We look forward to a long and mutually beneficial relationship with our new colleagues at Olympus, CNI and HCS.

About Global Excel Management Inc.
Global Excel is a full-service cost containment, claims management and medical assistance company located in Canada. It offers a complete range of services to over 300 international, Canadian and U.S. domestic clients located in more than 40 countries around the world. Global Excel manages approximately 105,000 inpatient, outpatient and non-medical cases per year and processes in excess of $850 million in healthcare claims annually.

About Olympus Managed Health Care Inc.
Olympus Managed Health Care Inc. is the leading independent provider of health care claims administration and cost containment services. Since its inception in 1994, Olympus has focused exclusively on facilitating access to health care on behalf of its health care clientele. Olympus' products and services focus on bringing value to the payer, medical provider, and health care consumer. Olympus is an ISO 9001:2008 Certified Company, has over 60 clients located in 90 countries, and will process approximately $415 million in healthcare claims annually.

For further information we kindly ask you to contact the following at Global Excel Management Inc.:
John Spears, VP Business Development and Marketing: john.spears(at)globalexcel(dot)com
Christine Chenard, Communications Specialist: christine.chenard(at)globalexcel(dot)com

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John Spears
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