LYNCHBURG, Va. (WFXR) – Piedmont Community Health Plan (Piedmont), central Virginia’s only regionally-owned and operated insurance provider, has acquired HealthWorks.
The Lynchburg-based company provides occupational medicine and employer health services.
The two businesses say the acquisition allows them to better support the community by providing a broader scope of healthcare programs that are delivered more efficiently.
HealthWorks offers a wide array of health-related services to employers including occupational medicine, wellness and employee assistance programs, physical therapy ad industrial rehabilitation, as well as on-site clinics.
Over time, Piedmont will provide some of the same community-focused programs to members which will broaden the company’s health and wellness offerings, increase its competitiveness in the health insurance industry and support future growth, according to CEO Richard Tugman.
HealthWorks will gain new markets and the opportunity to expand its reach to more customers.
“This is a positive development for all of us. It supports the growth of both Piedmont and HealthWorks and increases our ability to deliver more value to our community, our commercial customers and other stakeholders, and our members.”Richard Tugman, CEO
HealthWorks was, previously, a wholly-owned subsidiary of Centra Health. With this acquisition, that ownership transfers to Piedmont.
There will be no changes to programs, services, policies or staff.
Piedmont has a workforce of close to 100 in the Lynchburg area, while HealthWorks employs around 30 individuals.
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