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  6. CorVel Acquires The Schaffer Co s

M&A Deal Summary

CorVel Acquires The Schaffer Co s

On June 1, 2007, CorVel acquired insurance company The Schaffer Co s

Acquisition Highlights
  • This is CorVel’s 2nd transaction in the Insurance sector.
  • This is CorVel’s 3rd transaction in the United States.
  • This is CorVel’s 1st transaction in Maryland.

M&A Deal Summary
Date 2007-06-01
Target The Schaffer Co s
Sector Insurance
Buyer(s) CorVel
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

CorVel

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

CorVel provides information technology and e-commerce 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 3 of 3
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 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.

Buy $12M
Mergr

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