Acquisition of APS Healthcare results in layoffs

APS Healthcare announced it will lay off 133 employees in Brookfield as a result of the acquisition of the company by Universal American Corp.

The staff at 300 N. Executive Drive will be reduced by 65 percent due to the acquisition of APS by Rye Brook, N.Y.-based Universal American. Universal American is consolidating the combined company’s functions.
The layoffs will take place mid-October through June of 2013.
APS Healthcare is based in White Plains, N.Y.
The company was acquired for $227.5 million in March.
APS Healthcare is a provider of specialty health care solutions primarily to Medicaid agencies.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display