Navvis Healthcare: Charting a Course for the Future

Inspired by the promise of discovery and hopes of a burgeoning country, Meriwether Lewis and William Clark began a journey that would shape a nation and help catalyze more than two centuries of unprecedented national growth and prosperity. The quest -- fostered by the principles of leadership, trust, preparation, and experience -- became the defining moment in a nation’s belief that it was bound to expand and flourish.

Lewis & Clark’s fundamental ability to navigate the unknown, coupled with a like-minded vision for the future, solidified their legacy. Today, this critical ability to NAVigate with VISion inspires a philosophy and characterizes another trusted name: Navvis Healthcare.

For two decades, Navvis Healthcare has provided strategic assistance to healthcare leaders with similar visions of success for their organization. Nationally, healthcare executives and physician leaders turn to Navvis for keen industry insight, a solid track record, valuable experience, and expertise to build unyielding hospital-physician relationships.

Navvis takes the road less-traveled to solutions by offering an individualized, innovative path through strategy implementation and beyond. From advisory and facility development services to the Navvis Institute Centers for Planning, Strategy, and Leadership Excellence, we inspire our clients with confidence and the bold thinking needed to realize broad, sustainable results.

PRESS RELEASE

FOR IMMEDIATE RELEASE

Media Contact TSG: Karen Grinnan

Telephone: 757.640.8515

E-Mail: grinnan@thestrategygroup.com

Media Contact Navvis: Kathy Gibala

Telephone: 636.536.9443

E-Mail: kgibala@navvishealthcare.com

Healthcare Consulting Firms Announce Merger

June 16, 2008 – Navvis Healthcare LLC (St. Louis, Missouri) and The Strategy Group LLC (Norfolk, Virginia) announced today the merger of the two firms.

“The collective expertise and capabilities of Navvis and The Strategy Group will bring enormous value to our clients in addressing the complex strategic issues facing health systems,” said, Michael Farris, Chairman and CEO of Navvis Healthcare.

“Healthcare is one of the most competitive of US industries, driven by sky-rocketing consumer demands, challenging economics, rapid restructuring of hospital-physician relations and emergence of new technologies and intermediaries. The combination of our firms delivers an incredible depth of knowledge and expertise in health system development, long range planning, revenue growth and portfolio optimization, physician partnering, and brand-driven innovation strategies.”

Navvis Healthcare LLC provides strategic advisory services to health systems seeking healthier physician-health system relationships, better organizational efficiencies, and a stronger bottom line. The firm’s capabilities include strategic counsel and planning for health system-physician alignment, partnering strategies and structures, service line development and growth, as well as facility development for healthcare organizations. Founded in 1990 by Michael Farris, CEO, today Navvis Healthcare is comprised of Navvis Consulting, Navvis Management Services, Navvis Development, Navvis Solutions and the Navvis Institute.

The Strategy Group (TSG) LLC is a management consultancy specializing in competitive market strategy in the health industry. Founded in 1998 by CEO Karen Corrigan, the firm provides expert counsel on corporate vision, strategic planning, competitive positioning, brand-driven growth, business development and strategic marketing. In 2007, TSG launched the Innovator’s Studio™, a living laboratory that engages health industry leaders in leading edge research and innovation to bring revolutionary ideas to market.

The two firms crossed paths last year when both responded to an RFI for a large-scale planning engagement with WellStar Health System in Marietta, Georgia. “WellStar liked the combined expertise of both firms and asked if we would be willing to partner for the project,” said Corrigan. “We did and from the beginning of that work together, realized that there were significant synergies that vastly enhanced client value.”

Gregory Simone, MD, President and CEO of WellStar, commented, “The Strategy Group’s skill in corporate strategy and innovation, and Navvis’ know-how regarding health system – physician integration, brought to the engagement a unique and comprehensive capability to enhance our core business, identify emerging markets, and envision new frontiers. We’ve found the combination invaluable”

The Strategy Group is a subsidiary of Navvis Healthcare in the merged entity. Mike Farris will continue as Chairman and Chief Executive Officer. Karen Corrigan will serve as Chief Executive for Innovation for Navvis Healthcare LLC, and as President of The Strategy Group.

“Our combined expertise in corporate strategy, brand building, business development, physician integration, and consumer marketing present an industry-unique opportunity to create strategies, business models and partnerships that drive growth and innovation,” said Corrigan.

Terms of the merger were not disclosed.

http://www.thestrategygroup.com/

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