Today’s issue of WorkCompRecap features ExamWorks’ recent announcement that it has acquired Advanced Medical Reviews, Inc., a national peer review provider based in Santa Monica, CA, whose proprietary operations system, web-based case referral platform, and mobile app automate key elements of the peer review process.
ExamWorks purchased AMR at an all cash price of $30 million, along with an earnout provision giving selling shareholders additional cash payments of up to $9.8 million based on revenues to be generated from a new client over a two-year period. The news follows on ExamWorks recent acquisitions of ABI Document Support Services and Argent Rehabilitation, with prices for all three totalling about $145 million in aggregate.
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