West Chester, PA – FourStone Partners recently announced its acquisition of the workers’ compensation division of Cordant Health Solutions.
With this acquisition, FourStone Partners has branded its newly expanded Lab Management Services company as FourStone Health. FourStone and Cordant have entered into a long-term lab supplier agreement.
Susan Sommer, President and CEO of Cordant Health Solutions, said, “We have enjoyed a long-standing relationship with FourStone and given their focus on the Workers’ Compensation market we believe this transaction is valuable for both organizations.”
Thomas P. Shivers, President and CEO of FourStone Partners says, “We are very excited to introduce FourStone Health as the newest member of the FourStone Partners family. The acquisition of Cordant’s workers’ compensation division, combined with FourStone’s current Lab Management services, including Pharmacogenomic testing, positions FourStone Health to be the clear market leader. This acquisition is consistent with our mission to offer innovative, best-in-class products and services to our clients, and the addition of Cordant’s workers comp program is key to our continued evolution and growth as a company.”
Founded in 2012 by Thomas P. Shivers, FourStone Partners is a privately held consulting firm specializing in the Workers’ Compensation industry.
FourStone currently offers Lab Management services focused on Toxicology and Pharmacogenomics, Post-Surgical Accelerated Recovery services, Business, Sales, and Network Development solutions, and Revenue Cycle Management.
Source: FourStone Partners