Today’s issue of WorkCompRecap features the announcement from Applied Underwriters that company founder Steve Menzies, along with the Quasha Group led by Quadrant Management will be acquiring the company. The transaction included the buyout of all other shareholders including the 81% of the 25 year old company’s stock held by Berkshire Hathaway. The transaction was valued at $920 Million. Find out more by clicking here!
Also in the news today is MedRisk’s announcement of its partnership with Raintree Systems to reduce the administrative burden for physical therapists in workers’ comp. MedRisk will integrate with Raintree’s practice management and electronic medical record software, and planned improvements include automation of claim and clinical documentation delivery, simplification of authorization workflows, and expediting claim adjudication. Find out more by clicking here!