October 23, 2016 10:18 AM ET

Healthcare Providers and Services

Company Overview of Lifetime Healthcare, Inc.

Company Overview

Lifetime Healthcare, Inc., doing business as The Lifetime Healthcare Companies, provides managed care, health coverage, and health care services in the United States. The company specializes in financing and delivering health care services. It engages in providing health insurance coverage; health care services through its medical group and home care agency; and financing long-term care services. Lifetime Healthcare, Inc. was formerly known as Excellus, Inc. and changed its name to Lifetime Healthcare, Inc. in January 2004. The company was founded in 1997 and is based in Rochester, New York.

165 Court Street

Rochester, NY 14647

United States

Founded in 1997





Key Executives for Lifetime Healthcare, Inc.

Chief Executive Officer, Chief Operating Officer and Executive Vice President of Commercial Markets & Health Care Affairs
Chief Financial officer and Executive Vice President
Chief Administrative Officer, Senior Vice President and General Counsel
Chief Medical Officer and Senior Vice President of Medical Affairs
Senior Vice President of Corporate Administration
Compensation as of Fiscal Year 2016.

Lifetime Healthcare, Inc. Key Developments

Excellus Health Plan Inc. and Lifetime Healthcare Inc. Face Class Action Lawsuit over Data Breach

Excellus Health Plan Inc. and Lifetime Healthcare Inc. announced a class action lawsuit claiming negligence and breach of contract. The complaint on behalf of Matthew Fero, Shirley Krenzer and Erin O'Brien names Excellus Health Plan Inc. and Lifetime Healthcare Inc. The complainants are seeking nationwide and New York class status and awards of unspecified damages and legal fees. There is a request for a jury trial. Fero and Krenzer are current Excellus subscribers. O'Brien was a subscriber until April. Excellus and Lifetime Healthcare had yet to be served with the lawsuit. The lawsuit was filed just over a week after Excellus BlueCross BlueShield and parent Lifetime Healthcare Cos. announced a ‘sophisticated cyberattack’ of their information technology system. They said they learned of the breach August 5, 2015. However, they acknowledged an initial hack in December 2013 that went undiscovered and said it wasn't until a cybersecurity firm was hired as a result of hacks on other insurers that their own breach was detected. Apparently concerned with Excellus' response, Sen. Michael Nozzolio, R-Seneca Falls, wrote a sharp letter this week to Lifetime Healthcare President and Chief Executive Officer Christopher Booth. Nozzolio questioned Booth on several areas related to the hack and its aftermath, wanting to know exactly what happened, why it took so long for the breach to be detected and what's being done to make everything right. Approximately 10.5 million individuals may have been affected by the breach, which followed hacks of health insurers elsewhere in the country, notably other Blues plans Anthem and Premera. Excellus has about 1.6 million members, but the breach affects current and former subscribers, patients and others who do business with Excellus and Lifetime Healthcare. Members of other Blues plans who were treated in the 31 counties serviced by Excellus also were affected, which is why the potential number is so high. The suit claims the company was negligent in maintaining subscriber data, catching the breach and taking the necessary steps to ensure the system was secure and that any breaches were caught in a timely fashion.

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Recent Private Companies Transactions

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