QuadMed LLC To Buy Novia CareClinics

(RTTNews) - QuadMed LLC, a subsidiary of Quad/Graphics Inc. (QUAD), has agreed to buy Novia CareClinics LLC and also merge their executive management and operations teams accordingly.

The transaction is expected to close in about 30 days.

Once the acquisition is complete, Tim Dickman will continue to serve as President of QuadMed, and Eric Olson, current President of Novia CareClinics, will join QuadMed as a member of the executive management team. Other key Novia CareClinics management team members will be fully integrated into the combined company's operations.