Boston, MA – MCMC LLC recently announced its West Coast expansion through the strategic investment into CompPartners effective December 20, 2012. As a result of the investment, MCMC acquired the founders stock of CompPartners. The senior management team will maintain key executive roles and management of business. MCMC’s suite of products and services will now be available to CompPartners’ clients.
“We are truly excited to bring CompPartners into the MCMC family. We are enhancing our west coast market presence, and intend to expand upon the existing account base primarily serviced in California. Our objective is to leverage the quality and strength of CompPartners’ service and management team through MCMC’s national business development initiative going forward.” said Michael Lindberg, President & CEO, MCMC.
Bruce Carlin, CompPartners CEO commented, “We explored the market for a long time to find a partner that fit our product mix, geographic differences, and culture, and MCMC was the clear winner. With our combined national presence, we are confident that MCMC will continue growing and become a top player in the managed care industry. We are proud to be part of this organization.”
“JMP Securities LLC acted as exclusive financial advisor to CompPartners in connection with the transaction.”