MEMPHIS, Tenn. – Sedgwick Claims Management Services, Inc. (Sedgwick CMS) has announced that it has acquired the assets of Cambridge Integrated Services Group, Inc. (“Cambridge”) including the stock of Cambridge Galaher Settlements & Insurance Services, Inc., a direct, wholly-owned subsidiary of Cambridge. The agreement signing and closing occurred simultaneously today.
For Sedgwick CMS clients, the addition of Cambridge promises an even stronger talent pool and resources for providing our clients with efficient and effective claims solutions. This acquisition also enhances the company’s ability to offer the most comprehensive array of services in the industry, with added value in the areas of transportation liability, consumer financial services, structured settlements, and Medicare compliance. The transaction includes the purchase of Cambridge’s technology infrastructure that will enable continued delivery of services to Cambridge clients.
Sedgwick CMS will extend employment offers to all of the talented employees of Cambridge, adding to the intellectual capital and sharing of best practices that will ultimately benefit both organizations. The addition of the Cambridge employees to the Sedgwick CMS family also means that existing service teams will remain in place without interruption, and the clients of Cambridge will continue to work with the same trusted teams they work with today.
“This is exciting news for the clients and colleagues of both companies. As one team, we will offer clients the most comprehensive range of services in the industry delivered by the same experienced teams and innovative systems they work with today,” said David A. North, President and CEO of Sedgwick CMS. “We welcome Cambridge’s outstanding clients and colleagues, and are pleased to provide the stability and backing of the entire Sedgwick CMS organization.”
Source: Sedgwick CMS