Advertisement

MEDICAL

Share
Compiled by Leslie Berkman, Times staff writer

Fortis Corp. of Irvine, which provides case management services to the medical insurance claims industry, has acquired a Virginia company that does business in 12 mid-Atlantic and Southeastern states and the District of Columbia.

Fortis, a privately held company, did not disclose the terms of its purchase of VPS Case Management Services Inc. VPS, based in Glen Allen, Va., last year had revenues of $4.5 million.

Fortis is a wholly owned subsidiary of Minneapolis-based North Star Universal Inc., which provides start-up capital and organizational expertise to new enterprises that it later spins out as public companies.

Advertisement

Gordon Clemons, the president and chief executive officer of Fortis, said Fortis was formed through a series of acquisitions over the last two years.

As a result of these accumulated acquisitions, Clemons said he expects Fortis to generate revenues of about $20 million in 1989.

Advertisement