Today’s issue of WorkCompRecap gets in another bit of M&A news for the year, with the announcement from The Carlyle Group that it has agreed to acquire a majority stake in MedRisk.
Current investor TA Associates will exit as part of the transaction and MedRisk’s founder, Shelley Boyce, along with CEO, Mike Ryan, and other members of MedRisk management, will retain a minority equity stake. The Carlyle Group described specialty benefit managers like MedRisk as being on on the right side of the cost curve, offering a strong value proposition to payors, providers, and patients. Equity for the transaction will come from Carlyle Partners VI, a $13 billion fund that focuses on buyout transactions in the U.S. The transaction is subject to customary regulatory conditions and is expected to close before the end of the year.
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