Nashville, TN – Bailey Southwell & Co. (“BSC”) recently announced it acted as exclusive financial advisor to Sedgwick in connection with its recent divestiture of its group health peer review (“GHPR”) and independent medical examination (“IME”) assets to ExamWorks.
Sedgwick is a portfolio company of The Carlyle Group. ExamWorks is a portfolio company of Leonard Green & Partners.
With an extensive history of representing clients serving payers in the group health, disability, auto, liability, federal, and workers’ compensation markets, BSC was uniquely qualified to represent Sedgwick on this transaction. BSC’s expertise in cost containment solutions improving care quality and reducing the cost of care positioned the firm as the ideal partner for Sedgwick to generate the best outcome for all stakeholders.
GHPR provides peer review services, including appeals and pre-certifications, to group health insurers, disability insurers, and pharmacy benefit managers and is a certified Independent Review Organization. IME provides independent medical evaluation services for third party administrators, insurance carriers, and government agencies and focuses on the workers’ compensation, auto, and liability markets.
“We were pleased to have successfully finalized this transaction, made possible in part by the partnership we have with Bailey Southwell & Co. Their expertise allowed us at Sedgwick to help find the right home for these clients and colleagues” commented Brian J. Brunett, Sedgwick’s Managing Director, Global Treasury and Mergers & Acquisitions.