Today’s issue of WorkCompRecap features a big acquisition announcement from two IME providers as ExamWorks Group, Inc. (NYSE:EXAM) enters into a definitive agreement to acquire all outstanding stock of MES Group, Inc (MES). The acquisition is expected to close in the first quarter of 2011, which continues to look like it will be a big year for transactions!
Also featured today is regulatory news coming from the California Division of Workers’ Compensation, as new Electronic Medical Billing regulations and revisions to existing paper medical billing requirements were released for public comment. Current opinion seems to be that they will be signed into law in the next 60 days, and take effect in the next couple of months. Payers in California may need to move fast to ensure they are in compliance!