Today’s issue of WorkCompRecap starts the acquisitions game early this year with the announcement from the Work Loss Data Institute that it has been acquired by Hearst.
WLDI will become part of MCG Health, which is led by President and CEO Jon Shreve, and is a provider of care management guidelines and software for health insurers and providers. MCG is part of the Hearst Health network, and Hearst Health President Gregory Dorn, MD noted that WLDI was a natural fit to join MCG since they share a common evidence-based editorial approach. WLDI Senior VP of Business Development Phil LeFevre will join MCG in a leadership role and will report to Shreve. Phil Denniston is stepping down as President and CEO of WLDI and will continue in a consulting position, and co-founder Pat Whelan will also continue in a consulting position. Bailey Southwell & Co. acted as the exclusive strategic and financial advisor to WLDI.
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