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Xalles Acquires InnovationsHR to Establish a Foothold in the US Healthcare Financial Ecosystem
Xalles Acquires InnovationsHR to Establish a Foothold in the US Healthcare Financial Ecosystem.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"\n IHR is Expected to Generate Approximately $20 Million in Revenue in 2023 WASHINGTON, D.C., March 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced that it has executed an acquisition agreement with Texas-based InnovationsHR, Inc. (“IHR”) to become a wholly owned subsidiary under Xalles Financial Services Inc. InnovationsHR is poised to disrupt the Professional Employer Organization (PEO) market. It will soon be the first and only licensed PEO in Texas that can self-insure. In addition, InnovationsHR has partnered with Ovation Health plan, a recognized leader in healthcare innovation. Ovation Health Plan was featured on Advancements TV, hosted by Ted Danson, as the future of healthcare. InnovationsHR is a technology-driven company based in Kingwood, a suburb of Houston, Texas and is focused on delivering an exceptional customer experience using a completely transparent service model. Unlike other PEOs, employers who work with InnovationsHR can select from a menu of services and know the cost in advance. IHR is led by Dr. John McCormick, a 22-year Air Force veteran with extensive leadership and management skills in organizations of up to 1,500 personnel in size. Dr. McCormick has a doctorate in Leadership and Management from St. Thomas University, FL, an M.A. in Education Administration from Sam Houston University, TX, a B.S. in Criminal Justice from Park University, MO, and two A.A.S. degrees, one as an Instructor of Technology and Military Science and the other in Security Administration from the Community College of the Air Force. Part of the IHR acquisition is an option for IHR to acquire 100% ownership of Texas-based USPCPS MSO, LLC, a leading Management Service Organization focused on the healthcare market. USPCPS MSO in turn owns and controls key subsidiary companies. The first is, Alliance MSO, LLC which is a Medical Service Organization that credentials and manages a Physician Network of over 1,000 primary care and medical specialists, for which it negotiates contracts with Medicare Advantage and Commercial insurers to enhance provider reimbursement. The second is, PPC TPA, LLC which is a fully licensed multi-state Third-Party Administrative company which is a delegated claims pa...