Wayne, PA – Genex Services recently announced its acquisition of Exam Coordinators Network (ECN), an established provider of independent medical examinations (IME) and peer review services for the non-occupational disability, automobile and workers’ compensation markets. Financial terms were not disclosed.
The Boca Raton, FL-based company has provided independent medical examinations and peer review services nationally since its founding in 1999. ECN has developed one of the stronger IME businesses in the industry, said Delphia Frisch, Genex COO, executive vice president.
“The ECN acquisition is an exciting addition to Genex’s greatly expanding national independent examination services division,” said Frisch. “ECN is the latest of several strategic acquisitions that have helped Genex significantly enhance our talented team of highly experienced industry leaders. We are proud of the cumulative expertise, diversified services and depth of specialization Genex now offers within the workers’ compensation, disability and auto industry sectors. Under the leadership of Archie Anderson, senior vice president, Genex IME services has become a significant component of our overall comprehensive services offering.”
ECN’s market-leading position and experience in the non-occupational disability and automobile insurance market enhances Genex’s IME and peer review services, expanding the diversification and geographic coverage of its strong provider network.
“We are excited to join the fastest-growing IME provider in the nation,” said ECN COO Richard Stopek, DC. “The combination of Genex and ECN will create the highest-quality, most customer-oriented IME company in the industry. Genex benefits by adding ECN’s industry knowledge, extensive URAC-credentialed physician panel and unique technology to its IME and related business.”
“We were looking for a strong partner who would advance ECN’s services and ECN was a natural fit with Genex’s robust IME offering.” said ECN CFO Steven Levine, Esq. “This acquisition will allow ECN to leverage Genex’s financial stability and leadership position in the industry, along with its specialized in-house clinical expertise.”
Bailey Southwell & Co. served as the exclusive strategic and financial advisor to ECN on the transaction.
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This is not a paid placement.