Today’s issue of WorkCompRecap sfeatures the announcement from Mitchell, KKR, and Elliott Management that they have executed a definitive agreement under which funds managed by private equity firm Stone Point Capital LLC are making an investment in Mitchell and acquiring KKR and Elliott Management’s stake.
Mitchell noted that it looks forward to maintaining its current strategic direction, continuing to grow across all business segments, and appreciates that Stone Point shares its vision. KKR noted Mitchell’s growth since their engagement in 2013, with expanded organic investment in, and acquisition capital for, cloud estimatics, parts, diagnostics, specialty bill review, utilization review, pharmacy and other areas. The deal is expected to close this quarter, and is subject to customary closing conditions.
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