Today’s issue of WorkCompRecap features the announcement from CVC Capital Partners that its CVC Fund VII has signed a definitive agreement to acquire a majority interest in MedRisk.
MedRisk’s current majority owner The Carlyle Group is also slated to retain a “significant” stake and maintain joint control in partnership with CVC. Members of the MedRisk team, including founder Shelley Boyce, Executive Chairman Mike Ryan and CEO Ken Martino will also reinvest in the Company. The transaction is expected to close in the second quarter of this year, and is subject to the customary closing conditions and regulatory approvals.
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