M&A Deal Summary

CorVel Acquires Hazelrigg Risk Management Services

On February 1, 2007, CorVel acquired insurance company Hazelrigg Risk Management Services for 12M USD

Acquisition Highlights
  • This is CorVel’s 1st transaction in the Insurance sector.
  • This is CorVel’s largest (disclosed) transaction.
  • This is CorVel’s 2nd transaction in the United States.
  • This is CorVel’s 1st transaction in California.

M&A Deal Summary
Date 2007-02-01
Target Hazelrigg Risk Management Services
Sector Insurance
Buyer(s) CorVel
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Hazelrigg Risk Management Services

Chino, California, United States
HRMS is a provider of integrated medical management, claims processing and technology services for workers' compensation clients.

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Buyer(S) 1

Buyer

CorVel

Fort Worth, California, United States
Category Company
Founded 1987
Sector Information Technology
Employees4,870
Revenue 795M USD (2024)
DESCRIPTION

CorVel is a provider of information technology and eCommerce applications to improve healthcare management in the workers' compensation, group health, auto and disability management insurance markets. CorVel was founded in 1987 and is based in Irvine, California.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2007) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-23 AnciCare

Miramar, Florida, United States

AnciCare provides scheduling, report management and reimbursement coordination for a range of diagnostic imaging services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 The Schaffer Co s

Baltimore, Maryland, United States

Schaffer is a provider of integrated medical management, claims processing and technology services for workers' compensation clients. With nine offices serving twenty states, Schaffer customers include municipalities, private employers, and Longshore and Harbor carriers.

Buy -
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