TELEO Capital Management, LLC (“TELEO”) announced the acquisition of CHCS Services, Inc. (“CHCS”) from Capgemini America, Inc. CHCS is a leading technology-enabled third-party administrator (TPA) for the senior health and eldercare markets. CHCS specializes in supplemental health care solutions for senior markets with a focus on long term care (LTC) and Medicare Supplement (MedSup) plans. CHCS provides third-party administration and support as well as customized care management solutions and services for accident and health, disability, all Medicare supplement plans, and other forms of supplemental insurance policies for global insurance carriers.
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Source: https://www.prnewswire.com/news-releases/teleo-capital-announces-acquisition-of-chcs-services-301509523.html