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Almost a year after taking charge at SHPS Inc., David Nelson's plans to shift the company's strategy are shaping up.
The Louisville-based health care and human resources outsourcing company completed two acquisitions earlier this year, and more announcements are expected in the coming months, said Nelson, SHPS president and CEO. He joined the company last July.
SHPS provides services such as health plan enrollment and eligibility administration, flexible spending account and health savings account administration, case-management programs and billing services.
In addition, SHPS officials are negotiating for a new headquarters location, ideally downtown, Nelson said. A new call center, to replace the one at the company's current headquarters, also is planned.
"It's been a very intense 12 months, and I think we've accomplished a great deal in that time," Nelson said. "We've made a great number of changes" in areas such as strategy, vision, technology, office equipment, hiring and acquisitions.
In the past year, SHPS has brought six or seven senior-level managers to Louisville, he said, and those managers in turn brought their staffs. All told, between 35 and 50 people have been recruited to Louisville in the past year.
Nelson said he still is looking for two senior-level executives to help boost the health care side of the business.
The company has 1,300 employees in Louisville and a total of 2,250 nationwide.
IPO could be in the company's future
Based on the company's performance, an initial public offering might not be far off, said D. Scott Mackesy, general partner at Welsh, Carson, Anderson & Stowe and a SHPS board member. The New York Citybased investment firm owns a majority stake in SHPS.
"The last year has gone exceptionally well," Mackesy said. "We feel great with where the company...