San Diego, CA – Mitchell recently announced it has acquired PMOA, a pharmacy benefit management (PBM), in-house mail order pharmacy and ancillary solutions provider for the workers’ compensation industry. This acquisition makes Mitchell’s ScriptAdvisor solution the fastest growing in the industry and brings new customers to the company.
PMOA’s PBM and in-house mail order pharmacy solutions will be integrated into the ScriptAdvisor platform – Mitchell’s full end-to-end pharmacy benefit management and ancillary services solution offered to insurers, third party administrators, self-insured entities and state funds. The solution includes customizable first fill programs, in-house mail order pharmacy services, integrated out-of-network bill and electronic claims processing, adjudication of prescription drugs, formulary design, clinical management and managed care services.
“It’s clear that both Mitchell and PMOA share an unwavering dedication to delivering better outcomes for our customers with the highest quality customer experience,” said Alex Sun, President and CEO of Mitchell International. “We are excited to incorporate PMOA’s more than 20 years of PBM expertise into our solutions. Mitchell is dedicated to bringing the best technological innovation to its customers, and this acquisition further highlights that commitment.”
The acquisition of PMOA is Mitchell’s latest strategic investment in the company’s rapidly growing PBM business aimed at creating better outcomes for customers while building upon existing industry-leading casualty claims expertise. Baker & McKenzie LLP acted as Mitchell’s legal advisor. SunTrust Robinson Humphrey acted as PMOA’s financial advisor and Jones Walker LLP served as PMOA’s legal advisor. Over the last two years, Mitchell acquired CompToday, Jordan Reses and Integrated Prescription Solutions. PMOA’s capabilities support Mitchell’s unique technology and claims expertise, simplifying the claims process while achieving measurably better claims outcomes.
“We are excited to join with Mitchell in our pursuit of innovative pharmacy solutions that help the injured workers return to work faster and resume their lives,” said Gerald Ellis and James Tramel, Founders & Co-CEOs of PMOA. “Mitchell shares our deep commitment to customer service, and we are confident that PMOA customers will appreciate the expanded suite of integrated workers’ compensation solutions to achieve better claim outcomes.”