Health Systems International Expands Workers' Compensation Cost Containment Service Through Acquisition of Bridgeway Medical

Health Systems International, a leading provider of outsourced medical cost management solutions to payors and provider networks around the world, today announced that it has acquired Bridgeway Medical. Bridgeway has been in the business of providing Medical Bill Review, Auditing, and RX solutions to the workers' compensation market since 2000.

Russell W. Sherlock, Chief Executive Officer of HSI, said, "Bridgeway makes an exceptional fit for HSI by enhancing services in the disability, liability and workers' compensation markets and giving us an expanded presence in the Southeast. Bridgeway's exceptional audit and RX solutions will broaden our solutions and savings potential for clients."

"Bridgeway's current customers will benefit from access to HSI's PPO network relationships, technology and existing disability services, which can now be integrated with Bridgeway's existing cost containment solutions." Sherlock added, "Overall, we were very impressed with Mike Hoover and his team. The combination of our companies will produce better results for all customers. The expanded breadth of combined services is fulfilling our vision to become the leading provider of medical cost management solutions."

"This is a very exciting opportunity for Bridgeway," commented Mike Hoover, "since our company, leadership and employees will enhance HSI's growth and solutions in the disability market. HSI's health care expertise, complementary service solutions and financial backing made them the perfect partner for our future. We now offer a complete, integrated cost management solution."

About HSI

Headquartered in Indianapolis, Indiana, HSI is a leading provider of outsourced medical cost management solutions. HSI is backed by Great Point Partners, LLC, a private investment firm with over $900 million of equity capital under management. Since 1987, HSI has utilized proprietary technology, and experienced staff medical discount services to relieve clients' administrative burdens and achieve the lowest possible cost of medical care. Go to www.us-hsi.com.

About Bridgeway

Bridgeway, founded in 2000, is a national provider of Medical Bill Review, Auditing, PPO Network Access, Pharmacy Services, Medicare Set Aside Allocations, and Utilization Management. Bridgeway's primary focus is the Southeast. Physical locations include Montgomery, Alabama; Atlanta, Georgia; Austin, Texas; and Knoxville, Tennessee, with field locations in Kentucky, Tennessee, Georgia, and Alabama. Go to www.bridgewaymedical.com for more information.