CBIZ, a provider of financial, advisory, and insurance services, has announced the acquisition of Schramm Health Partners (Optumas), for an undisclosed fee.
Founded in 2006, Optumas specializes in providing actuarial services to state government health care agencies, assisting with the administration of Medicaid programs.
CBIZ claimed that the acquisition will broaden the scope of services offered by the combined firms to their respective government health care clients.
Jerry Grisko, president and CEO at CBIZ, said: “We are excited to welcome the Optumas team to CBIZ and to strengthen our long-standing partnership of working side-by-side to serve our government health care clients.
“Optumas is a recognized leader in health care actuarial services and given the increasing complexity of health care delivery systems, this acquisition offers a unique opportunity to complement our growing government health care consulting practice.”
He added that by combining, the groups can “accelerate growth” by providing “comprehensive and seamless solutions” to their clients.
Steve Schramm of Optumas, said: “Combining our cutting-edge actuarial expertise with CBIZ’s government health care consulting services will provide our state Medicaid and other public sector clients with an unparalleled mix of consulting, strategy, and analytical resources to help them achieve their goals.
“We are excited to become a part of one of the leading national professional services providers whose culture and core values are strongly aligned with ours.”