Trover Solutions, Inc. provides subrogation and other claims recovery and cost containment services, on an outsourcing basis, to the United States private healthcare payor industry and the property and casualty insurance industry. Its primary business is medical claims recovery, and its primary product is subrogation recovery. The Company's other medical – more... claims recovery services include the auditing of the bills of medical providers for accuracy, correctness and compliance with contract terms; the recovery of overpayments attributable to duplicate payments, failures to coordinate benefits and similar errors in payment, and the auditing of physician evaluation and management claims for consistency with medical records. On February 20, 2004, Trover Solutions announced that it had entered into a definitive agreement to be acquired in an all-cash transaction in which TSI Acquisition Co., Inc., a wholly owned subsidiary of TSI Holding Co., Inc., will be merged into the Company.
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