Tarrytown, NY – The IMA Group (IMA) recently announced it has acquired EVOnational, a national provider of independent medical exams (IMEs), medical screenings and other evaluations. The acquisition extends IMA’s scope and capabilities while enhancing its national offering of behavioral and medical evaluations. The company serves the workers’ compensation, liability, disability and auto markets.
To ensure a seamless transition for existing clients, EVOnational will continue to operate under its current name, with key leadership, processes and staff remaining in place.
“EVOnational brings our company the services, programs and people to ideally enhance and complement what we already offer our clients,” said IMA’s President Mark Weinberger, Ph.D., MPH. “Their experience and commitment to their clients, emphasis on technology designed for our industry and excellent provider panel give us the ability to help clients tackle the tough challenges facing the industry today.”
The IMA Group is a technology-driven provider of medical and psychological evaluations and screening services, with more than 30 years’ experience in returning people to work and productivity. The acquisition adds more than 7,000 clinicians to its already robust provider panel and continues the company’s rapid pace of expansion. Through organic growth and acquisitions, The IMA Group’s provider panel has more than doubled its size in each of the past two years.
Both companies cite the value of the acquisition to clients as the further strengthening of the depth and breadth of IMA’s credentialed provider panel, providing more options for clients nationally, stated Doug Markham, IMA’s Chief Strategy Officer. “Additionally, EVOnational’s enhanced technology platform is intuitive and adjuster-focused, providing better visibility, transparency and ease of use, all of which helps facilitate more accurate and rapid resolution of claims while managing costs,” he added.
Seth Needelman, President of EVOnational, will continue to lead EVOnational under The IMA Group Payer Services division. He brings with him a team of seasoned industry experts and 30 years of IME experience.
“Both IMA and EVOnational share a passion for serving clients and delivering high-quality, defensible examinations that clients can rely on, no matter the claim,” said Needelman. “The combined experience of our two companies delivers proprietary organizational tools to ensure efficient time management and unprecedented cost savings. This will bring even greater value and benefits to our customers.”
Financial terms of the acquisition for the two privately held companies were not disclosed.
Bailey Southwell & Co. served as the exclusive strategic and financial advisor to EVOnational on the transaction.
Source: The IMA Group