Today’s issue of WorkCompRecap finishes off the week with some M&A news with Genex’s Announcement that it has acquired PRIUM, which offers comprehensive chronic pain intervention programs and Utilization Review services, from Ameritox.
Genex noted that the addition of PRIUM enhances its service continuum for controlling claim costs and driving better outcomes for payers as well as injured and disabled workers. Michael Gavin, who leads PRIUM, is expected to continue with the company along with the the clinical staff that form the foundation of the company’s services. SunTrust Robinson Humphrey served as the exclusive strategic and financial advisor to Ameritox and PRIUM on the transaction.
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WorkCompWire will return on Tuesday. Have a great Labor Day weekend, and remember to take a moment to appreciate the workers who made great sacrifices for the strength and prosperity of our great country!