Cambridge, MA -(BusinessWire)- Monitor Clipper Partners (MCP), a private equity firm based in Cambridge, Massachusetts, announced today the closing of a merger between MSC Care Management (MSC), a company serving post-discharge and post-injury workers’ compensation claimants, and One Call Medical, Inc. (OCM), the nation’s leading partner in providing specialized services that lead to faster, more efficient and more cost-effective resolution of claims. MCP invested in MSC in 2005.
The merger, which was initially announced on July 31, 2012, combines two leading providers of specialized services that support the workers’ compensation industry. The merged companies will operate under the One Call Medical parent entity and will support professionals in achieving superior outcomes through the most comprehensive suite of solutions in the field. MSC president and CEO, Joe Delaney, will assume the title of president of One Call Medical.
“MSC is a world-class business that has flourished during our seven-year relationship with Monitor Clipper Partners,” said Delaney. “MCP provided strategic, financial and operational support which was instrumental to the growth and development of MSC. We have no doubt that we will continue to experience significant growth as we enter this new and exciting phase, uniting exceptional core competencies to provide unsurpassed quality care.”
Adam Doctoroff, a partner at Monitor Clipper Partners, added, “We believe the merger will benefit MSC’s customers immensely and represents a very compelling strategic combination. We are delighted that our partnership has helped to fuel strategic growth for MSC while also providing our investors with a solid return. Our partnership with MSC’s exceptional management team has been very rewarding, and we are highly enthusiastic about the future of the business.”
Jefferies & Company, Inc. acted as exclusive financial advisor and Winston & Strawn LLP and Akerman Senterfitt served as legal advisors to MSC in connection with the transaction.