Ft. Lauderdale, FL – Patriot National, Inc. (NYSE: PN), recently announced that it has acquired Missouri-based Corporate Claims Management, Inc. (CCMI), a multi-line provider of claims administration. Corporate Claims Management had 2014 revenues of $6.5 million.
Corporate Claims Management was founded in 1992 to provide the risk management community with custom-tailored, high-quality claims administration services and risk management information systems designed to the unique specifications of each client. The Company provides insurance claims administration services to self-insureds and large-deductible plans nationally for general, auto, and product liability, and services the Midwest for workers’ compensation. CCMI also has expertise in Medicare Secondary Payer Act compliance and turnkey MMSEA reporting platforms across all casualty and workers’ compensation coverage lines. CCMI will become part of the Patriot Risk Services subsidiary.
“The acquisition of Corporate Claims Management is our fourth program administrator acquisition in recent months and is consistent with our growth strategy to expand Patriot National’s fee-based product offerings beyond workers’ compensation,” said Steven M. Mariano, Chief Executive Officer of Patriot National.
“Corporate Claims Management brings to Patriot a client-centric TPA with multi-line commercial capabilities covering an array of self-insurance risks and product adjusting. The Company has built an outstanding reputation over 23 years for their professionalism and superior claim outcomes. We are also pleased to welcome President Michael Greco and his team of 51 employees to the Patriot family,” said Tim Ermatinger, Executive Vice President of Patriot National.
Michael Greco, President of Corporate Claims Management stated, “We are excited for the synergies created by blending CCMI into Patriot National, and for the heightened level of services that together we can provide current and future clients. This is a remarkable strategic fit for both of our organizations and our clients.”
Source: Patriot National