Today’s version of WorkCompRecap features the latest blockbuster deal in the industry as Sedgwick CMS, the largest workers’ compensation Third Party Administrator (TPA), acquires rival Specialty Risk Services, LLC (SRS) from The Hartford for $278 million in cash.
Sedgwick CMS, led by CEO Dave North, has built a remarkable franchise over the years through a combination of organic growth and timely acquisitions. This latest transaction will put some real distance between Sedgwick and the rest of the largest TPA’s, and may trigger more consolidation in the space. For more information regarding Sedgwick, click here.
You can also get more insight into Sedgwick and SRS by reading Joe Paduda’s perspective at Managed Care Matters by clicking here.
You can check out the rest of todays’ workers’ compensation related news at WorkCompWire.com
Have a good day.
Patrick J. Sullivan