Dresner Partners Advised Novia CareClinics, LLC in Its Sale to QuadMed, LLC

Dresner Partners Advised Novia CareClinics, LLC in Its Sale to QuadMed, LLC 
CHICAGO, IL -- (Marketwired) -- 11/13/13 --  Dresner Partners, a
leading FINRA-registered, middle-market investment bank and IMAP
member firm, announced today that it advised Novia CareClinics, LLC
in its sale to QuadMed, LLC, a subsidiary of Quad/Graphics, Inc.
(NYSE: QUAD). Terms of the transaction were not disclosed. 
Headquartered in Indianapolis, Novia focuses on delivering health and
wellness solutions to employees and their dependents. Novia operates
49 center locations, servicing 96 different employers located
throughout Indiana and in Colorado, Georgia, Mississippi and Ohio.
Together, QuadMed and Novia CareClinics will operate more than 90
clinic locations across 18 U.S. states and serve the needs of more
than 150,000 patients.  
"This transaction will strengthen both our companies' leadership
positions in the healthcare markets we serve and enable us to offer
the best of our respective models to a wider range of employers,"
said Eric Olson, President of Novia CareClinics, who will continue
with the combined company as a member of the senior leadership team.
"We built our businesses independent of any competing interests, and
combining our two companies will make an even more meaningful
difference in today's complex healthcare landscape." 
"Novia CareClinics was a pleasure to work with on this transaction,"
said Mitchell Stern, Managing Director and Head of the Healthcare
Group at Dresner Partners. "The company's innovations in
employer-sponsored healthcare management solutions and its on-site
primary care for small to mid-size companies made it an attractive
target for QuadMed."  
Steven Dresner, President at Dresner Partners, added, "We are pleased
to have helped Novia in its sale to QuadMed. The two companies are
complementary providers in employer-sponsored healthcare management
solutions, and Novia will be a great addition to QuadMed." 
Novia CareClinics creates and manages employer-sponsored on-site
clinics for small to mid-size companies and larger organizations with
multiple locations. The services provided by Novia include clinic
operations management, such as inventory maintenance, online
scheduling and electronic medical records systems, individual health
risk assessments, pre-disease management and educational reach-out
QuadMed is a subsidiary of Quad/Graphics, a leading global printer
and media channel integrator. Quad/Graphics created QuadMed to
improve employees' access to quality, cost-effective healthcare
through on-site primary care clinics and robust wellness programming.
Later, Quad/Graphics began sharing its QuadMed model with other
large, self-insured employers. QuadMed's track record of success is
rooted in integrating prevention-focused primary care with
leading-edge information management. Today, QuadMed serves a wide
variety of Fortune 1000 companies. 
About Dresner Partners
 Dresner Partners is a FINRA-registered,
middle-market investment bank headquartered in Chicago, Illinois with
an office in New York City. Founded in 1991, Dresner Partners
provides financial advisory services to middle market companies
throughout the world, including institutional private placements of
debt and equity, merger and acquisitions advisory, financial
restructuring & corporate turnarounds, valuations and strategic
consulting services. Dresner Partners is also a member of IMAP, an
exclusive global organization of leading merger and acquisition
advisory firms. An affiliated company, Dresner Corporate Services, is
a strategic communications firm specializing in public and investor
relations. More information is available at www.dresnerpartners.com
or www.imap.com/locations/office.cfm?OfficeID=416 
For Media Inquiries: 
Doug Dusik
Dresner Corporate Services 
David Gutierrez
Dresner Corporate Services 
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