CitiusTech Completes FluidEdge Consulting Acquisition and Appoints Eric Schultz as President of FluidEdge Consulting

PRINCETON, N.J.–(BUSINESS WIRE)–CitiusTech, a leading provider of healthcare technology solutions and services, today announced that it has completed the acquisition of FluidEdge Consulting (FluidEdge), a national healthcare management consulting company headquartered in Philadelphia, PA. FluidEdge is now a wholly owned subsidiary of CitiusTech.

“FluidEdge has excellent healthcare consulting capabilities with deep expertise across payer, provider and life science markets,” said Dr. Bill Winkenwerder, Chairman of CitiusTech. “The acquisition of FluidEdge will enable CitiusTech to develop deeper and more meaningful engagements with healthcare customers and play a stronger role in driving business performance.”

CitiusTech also announced the appointment of Eric Schultz as the executive vice president of CitiusTech and president of FluidEdge Consulting. Prior to joining CitiusTech, Mr. Schultz was president and CEO of Harvard Pilgrim Health Care Inc. for eight years. Under his leadership, Harvard Pilgrim was consistently ranked among America’s highest-rated health plans by the National Committee for Quality Assurance (NCQA). Previously, Mr. Schultz was president and CEO of Fallon Community Health Plan for 10 years. He also held executive positions with CIGNA Healthcare and Prudential Healthcare.

“I am excited to welcome Eric Schultz to CitiusTech and FluidEdge,” said Rizwan Koita, CEO of CitiusTech. “Eric is a healthcare industry veteran and has successfully driven value-based care initiatives at Harvard Pilgrim and other organizations for over 25 years. His vision and experience in driving meaningful healthcare transformation will help FluidEdge better serve clients and scale its business.”

“I am thrilled to be a part of CitiusTech and lead FluidEdge; two companies that have a proven ability to develop and execute pragmatic and innovative business and technology solutions,” said Eric Schultz. “With our combined and deep experience across multiple healthcare segments, we have a unique ability to take a holistic perspective of the rapidly changing healthcare and technology landscape and help our clients achieve their strategic objectives.”

In addition to his new role, Mr. Schultz serves on the board of the Kenneth Schwartz Center, and previously served as Chair of America’s Health Insurance Plans (AHIP), the Alliance of Community Health Plans (ACHP) and the Massachusetts Association of Health Plans (MAHP).

About CitiusTech

CitiusTech (www.citiustech.com) is a major provider of healthcare technology services and solutions to medical technology companies, providers, payers and life sciences organizations, with over 4,000 professionals worldwide. CitiusTech’s services and solutions include management consulting, healthcare software development, healthcare interoperability, regulatory compliance, BI/analytics, consumer engagement, care coordination and population health management. CitiusTech helps customers accelerate innovation in healthcare through solutions and accelerators for clinical quality reporting, healthcare big data, cloud computing, mobile health and predictive analytics. With cutting-edge technology expertise, world-class service quality and a global resource base, CitiusTech consistently delivers best-in-class solutions and an unmatched cost advantage to healthcare clients worldwide.

About FluidEdge Consulting

FluidEdge Consulting (www.fluidedgeconsulting.com) provides healthcare organizations with comprehensive consulting solutions by integrating their business needs, corporate goals, industry trends and information technology. With a team of over 120 business consulting professionals, FluidEdge Consulting provides strategic planning, implementation services, program and project management and business transformation services to healthcare organizations, which include health plans, life sciences companies, large provider systems, and healthcare technology firms. FluidEdge has been ranked in the Inc 5000 as one of the fastest growing private companies in the United States.

Contacts

Rethu Panicker

Lead – Corporate Communications

rethu.panicker@citiustech.com