18 Jul Off
On May 1, Tabula Rasa HealthCare (TRHC), parent company of Capstone Performance Systems, acquired Peak PACE Solutions from Altitude Edge (AE), following the news of AE founders’ David Reyes and Ronda Hackbart retirements. Peak PACE Solutions is now Peak Health Plan Management Services and will operate as a service of Capstone.
“Capstone’s mission is to help our client organizations succeed fiscally in a compliant manner,” said Capstone CEO Richard Schamp, MD. “Having worked collaboratively for years with Peak, we look forward to integrating with Peak Health Plan Management Services and further enhancing TRHC value to PACE organizations.”
Peak is the leading health plan management solutions and services provider in the PACE (Program of All-inclusive Care for the Elderly) market. Peak performs back-office functions for PACE organizations, including acting as a Third Party Administrator (TPA) to manage claims from healthcare providers. The company is noted for its expertise in the PACE market, and includes several executive-level staff who previously worked in PACE organizations.
“We’re excited to have the opportunity to join the TRHC family and work alongside Capstone, which shares our commitment to the PACE market,” said Patty Bailey, CEO of Peak Health Plan Management Services. “Our services are complementary, and as one company we can offer a full range of solutions backed by our extensive experience in PACE.”
Peak PACE Solutions was founded in 2009 by David Reyes and Ronda Hackbart. Upon making the decision to retire, Reyes and Hackbart indicated their desire to sell Peak to a company familiar with and respectful of PACE. In addition to Capstone, TRHC’s CareKinesis provides pharmacy services to PACE plans across the country.