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ExamWorks Completes Acquisition of MES Group, Inc.

March 1, 2011 - WorkCompWire

ATLANTA, GA. –ExamWorks Group, Inc. (NYSE: EXAM) today announced the closing of its acquisition of MES Group, Inc. ExamWorks paid total consideration consisting of (i) $175 million in cash, (ii) 1,424,501 shares of Company common stock, and (iii) $10 million of assumed indebtedness under MES’ credit facility, which was paid off at closing.

About ExamWorks Group
ExamWorks Group, Inc. is a leading provider of independent medical examinations, (IMEs), peer and bill reviews and related services. We help our clients manage costs and enhance their risk management processes by verifying the validity, nature, cause and extent of claims, identifying fraud and providing fast, efficient and quality IME services. ExamWorks is focused on providing carriers a national presence while maintaining the local service and capabilities they need and expect.

Source: ExamWorks Group

Filed Under: Claims, Legal, & Compliance News, Industry News, Top Stories - Recent, WCW Inner Page Featured - Recent

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