Today’s issue of WorkCompRecap features some M&A news as Progressive Medical and PMSI officially close their merger, with H.I.G. Capital, who acquired PMSI five years ago from AmerisourceBergen, selling its stake. Funds managed by Kelso & Company will have a majority ownership stake in the newly combined company, while StoneRiver Group, the controlling shareholder of Progressive Medical, will continue to be a significant shareholder.
Also in the news today is the DEA’s announcement of its seventh National Prescription Drug Take Back Day at thousands of collection sites across America on Saturday the 26th. The program gives the public the opportunity to prevent pill abuse and theft by getting rid of potentially dangerous expired, unused, or unwanted prescription drugs for free and with no questions asked. Find out more by clicking here!