Today’s issue of WorkCompRecap kicks off the week with some M&A news, featuring GENEX’s announcement of its acquisition of utilization review software and service provider CID Management.
GENEX noted that utilization review services are in demand more than ever, and the integration of CID’s UR software-as-a-service (SaaS) solution would help address their customers’ growing needs. Covington Associates served as the exclusive strategic and financial advisor to CID and RBC Capital Markets advised GENEX on the transaction.
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