NeoDeck Holdings Aims to Improve Electronic Health Records & Health Information Exchange Data Integration

NeoDeck Holdings, a Ponce, Puerto Rico, based Electronic Health Record (EHR) and Health Information Exchange (HIE) provider, has entered into a multi-year engagement to integrate Inovalon's advanced healthcare data analytics with NeoDeck Holdings' EHR platform, NeoMed EHR 3.0, and HIE platform, Clinical Vault, to improve clinical and quality outcomes, and financial performance in Puerto Rico.

With this agreement, Inovalon will interconnect its advanced quality improvement and risk score accuracy analytics within NeoDeck Holdings' EHR Platform NeoMed and HIE Platform Clinical Vault, improving the speed and workflow efficiency of data exchanges within the medical record environment that exists amongst payers and providers in Puerto Rico. With the addition of this partnership, Inovalon expands its leadership in bringing data and advanced analytics to the point of care, expanding the power of leading EHR and HIE platforms, further empowering payers and providers in the improvement of clinical and quality outcomes and financial performance.

Triple-S Management Corporation Prices Secondary Share Offering and Purchase

Triple-S Management Corporation announced the pricing of the previously announced secondary offering of 5,400,368 shares of Class B common stock by certain selling shareholders.  As part of the Offering, 4,400,368 shares are being sold to the public and 1,000,000 shares are being purchased by the Company, in each case, at a price of $18.25 per share.  The selling shareholders include certain holders of Class A common stock who have elected to convert shares of Class A common stock into shares of Class B common stock in connection with the Offering.  Triple-S will not receive any proceeds from the Offering.  Subject to customary conditions, the Offering is expected to close on May 22, 2013.

Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC served as joint book-running managers, with Stifel, Nicolaus & Company, Incorporated acting as co-manager for the Offering.  The underwriters have been granted a 30-day option to purchase up to an additional 810,055 shares of Class B common stock from the selling shareholders to cover overallotments, if any.  The Company will not receive any proceeds from the exercise of the underwriters' option to purchase additional shares.