M&A Deal Summary

Genex Acquires PRIUM

On August 31, 2017, Genex acquired business services company PRIUM from Ameritox

Acquisition Highlights
  • This is Genex’s 3rd transaction in the Business Services sector.
  • This is Genex’s 8th transaction in the United States.
  • This is Genex’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2017-08-31
Target PRIUM
Sector Business Services
Buyer(s) Genex
Sellers(s) Ameritox
Deal Type Divestiture
Advisor(s) SunTrust Robinson Humphrey (Financial)

Target

PRIUM

Duluth, Georgia, United States
PRIUM is a provider of workers compensation medical peer review and legal utilization review services to improve injured worker health outcomes. PRIUM was established in 1987 and is based in Duluth, Georgia.

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Buyer(S) 1

Buyer

Genex

Wayne, Pennsylvania, United States

Category Company
Founded 1978
Sector Insurance
DESCRIPTION

Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 8 of 11
Sector: Business Services M&A 3 of 4
Type: Divestiture M&A Deals 1 of 2
State: Georgia M&A 2 of 2
Country: United States M&A 8 of 11
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Exam Coordinators Network

Boca Raton, Florida, United States

Exam Coordinators Network is a provider of services to assist clients in managing the cost of medical claims and cases. ECN procure and provide quality independent medical examinations, medical record and radiology reviews, FCE’s, Return-to-Work, and Fitness for Duty examinations, FMLA and ADA reviews from our nationwide network of experienced medical experts in all medical specialties and allied health professions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Priority Care Solutions

Tampa, Florida, United States

Priority Care Solutions LLC is the only national specialty managed care services and network provider that offers full transparency and a budget guarantee through two offerings: Priority Financial Guarantee and Therapy Transparent. Drawing on the cumulative experience of an executive leadership team with an average of 20 years in all areas of workers' compensation, PCS has created unique, pro-active solutions to mitigate risk, create operational efficiencies and reduce costs while providing compassionate, exceptional, and timely care to the injured worker.

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Seller(S) 1

SELLER

Ameritox

Midland, Texas, United States

Category Company
Sector Life Science
DESCRIPTION

Ameritox is a full-service forensic toxicology laboratory that offers RxGuardian, the most thorough and personalized lab monitoring process available and the only report that can help physicians assess whether a patient is taking pain medications consistent with the prescribed dosage. Ameritox is based in Midland, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 PRIUM

Duluth, Georgia, United States

PRIUM is a provider of workers compensation medical peer review and legal utilization review services to improve injured worker health outcomes. PRIUM was established in 1987 and is based in Duluth, Georgia.

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