M&A Deal Summary

MedRisk Acquires Conduent - Casualty Claims Solutions

On May 3, 2024, MedRisk acquired business services company Conduent - Casualty Claims Solutions from Conduent for 240M USD

Acquisition Highlights
  • This is MedRisk’s 1st transaction in the Business Services sector.
  • This is MedRisk’s largest (disclosed) transaction.
  • This is MedRisk’s 3rd transaction in the United States.
  • This is MedRisk’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-05-03
Target Conduent - Casualty Claims Solutions
Sector Business Services
Buyer(s) MedRisk
Sellers(s) Conduent
Deal Type Divestiture
Deal Value 240M USD

Target

Conduent - Casualty Claims Solutions

Florham Park, New Jersey, United States
Conduent's Casualty Claims Solutions consists of Conduent’s workers’ compensation and auto casualty bill review solutions and services, including processing medical bills and clinical services, and its portfolio of Strataware bill review software products. Conduent's Casualty Claims Solutions is based in Florham Park, New Jersey.

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Buyer(S) 1

Buyer

MedRisk

King of Prussia, Pennsylvania, United States
Category Company
Founded 1994
Sector Healthcare Services
DESCRIPTION

MedRisk is a provider of managed physical medicine services for the workers’ compensation industry in the U.S. The company consistently delivers clinically superior patient outcomes via the coordination and active management of physical medicine services for workers' compensation patients. Today, it manages physical therapy, occupational therapy, and chiropractic treatments for more than 500,000 injured workers annually through a nationwide network across 49 states and Washington, D.C. MedRisk was founded in 1994 and is based in King of Prussia, Pennsylvania.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 Sedgwick - Specialty PT Network

Memphis, Tennessee, United States

Sedgwick's Specialty PT Network specialty physical services provides a patient-centric approach to the timely care of injured employees based in Memphis, Tennessee.

Buy -

Seller(S) 1

SELLER

Conduent

Florham Park, New Jersey, United States
Category Company
Founded 2016
Sector Business Services
Employees55,000
Revenue 3.7B USD (2023)
DESCRIPTION

Conduent is a provider of diversified business process services. Conduent offers capabilities in transaction processing, automation, analytics and constituent experience. The Company was spun-off from Xerox in 2017. Conduent was incorporated in 2016 and is based in Florham Park, New Jersey.

DEAL STATS #
Overall 10 of 10
Sector (Business Services) 5 of 5
Type (Divestiture) 10 of 10
State (New Jersey) 6 of 6
Country (United States) 10 of 10
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 Conduent - Curbside Management and Public Safety Businesses

Florham Park, New Jersey, United States

Conduent's Curbside Management and Public Safety Businesses provides parking management systems to the public sector, while their Public Safety business provides traffic management solutions such as automated photo enforcement for speed and red-light violations processing to its government clients. Conduent's Curbside Management and Public Safety Businesses is based in Florham Park, New Jersey.

Sell -
Mergr

Product

Company

Legal