Consolidated Graphics to Acquire Newbridge Corporation
Press release from the issuing company
HOUSTON, Aug. 6 -- Consolidated Graphics, Inc. today announced it has signed a letter of intent to acquire Newbridge Corporation of Dallas, Texas. Newbridge is a premier full-service data content and information management services and digital printing company primarily serving the U.S. health insurance information market. Their services are utilized by numerous insurance companies and PPO, HMO and claims administration organizations. Among their many services are monthly collection, editing and standardizing of hospital and physician data from PPO and HMO networks, composition of these records into database directories which are posted to proprietary Web sites and the printing and distribution of provider directories, insurance policies, ID cards and related health insurance industry documents.
"Newbridge brings strong technology and digital printing expertise to Consolidated Graphics that will enhance our digital printing capabilities and the Internet-based services offered by CGXSolutions," commented Joe R. Davis, Chairman and Chief Executive Officer. "We are pleased that Blayne Lequeux, president of Newbridge, together with his talented management team and staff, will remain with the company after the acquisition to grow the business with our resources and national footprint."
Also commenting on the announcement, Mr. Lequeux stated, "Consolidated Graphics is the industry leader in combining print, digital and Internet capabilities and we look forward to our future association with them. Their commitment to providing an outstanding level of customer service through investments in new technology and equipment mirrors our own philosophy. With their resources and support, we are confident that we can take Newbridge to the next level."
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