M&A Deal Summary |
|
|---|---|
| Date | 2022-10-26 |
| Target | Sedgwick - Specialty PT Network |
| Sector | Insurance |
| Buyer(s) | MedRisk |
| Sellers(s) | Sedgwick |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Healthcare Services |
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 | 2 of 3 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-07 |
Select Provider Networks
Birmingham, Alabama, United States Select Provider Networks, Inc. provides a boutique specialty network of physical and occupational therapists to the workers’ compensation industry. Select Provider Networks is based in Birmingham, Alabama. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-03 |
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. |
Buy | $240M |
Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Insurance) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-19 |
Orchid Medical
Orlando, Florida, United States Orchid Medical is a provider of integrated ancillary and surgical implant cost containment solutions for the workers' compensation industry. Orchid Medical works collaboratively with claims professionals and medical providers to cost-effectively manage and deliver the appropriate care and services injured employees need to recover. Orchid Medical is based in Orlando, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-18 |
Appraisal Service of Mississippi
Madison, Mississippi, United States Appraisal Service of Mississippi is an auto and property appraisal services firm that offers multiline field appraising for insurance companies, third-party administrators (TPAs) fleet managers, and leasing services. The company is equipped with a professional team to handle damage estimates for auto, home, heavy equipment, recreational vehicles, and more in Alabama, Louisiana, Mississippi, and the greater Memphis area. Appraisal Service of Mississippi was formed in 1988 and is based in Madison, Mississippi. |
Buy | - |
