March 19, 2004 – Our client, I-trax, Inc. (Amex: DMX), a health management solutions company, and Meridian Occupational Healthcare Associates, Inc., the nation’s largest provider of outsourced on-site, employer-sponsored healthcare services, announced that the companies completed their previously announced merger on March 19, 2004. The merger creates the largest provider of integrated corporate healthcare management solutions in the United States, with combined 2003 net revenues of approximately $120 million. Serving 90 leading U.S. employers, the merged companies will offer primary care services, pharmacy services and benefits, staffing and management of on-site occupational health facilities, corporate health staffing and management, and population and disease management services.
“Without Bryant Park, we would not have been able to accomplish this transaction. Not only did they save a deal that was dying, but they relieved management of dealing with many of the difficult issues so that we could maintain positive working relationships post-closing. They brought a great deal of business and operational experience to their investment and M&A expertise…an unbeatable combination of skills.”