St. Petersburg, FL – Ethos Risk Services LLC recently announced its acquisition of Novare. Novare, a division of Ethos, is a full-service workers’ compensation medical cost containment company specializing in medical and vocational case management, independent medical exams, utilization management, medical bill review, and Medicare secondary payor services.
Based out of Madisonville, LA, Novare is a vital link in the supply chain of workers’ compensation medical cost containment, adding value with efficient and cost-effective solutions.
“We are very excited to be working with Novare; their mission to provide personalized, efficient, cost-conscious services aligns well with Ethos,” said Ethos Risk Services CEO Micah Smith. “This acquisition is another step in our long-term, strategic growth plans and we’re looking forward to the value we can create for our collective clients by opening up our shared full-suite of services.”
The transition will be seamless for clients while processes, systems and staff are fully integrated. Once completed, it will result in improved coverage, best-in-class technology and analytics, and a shared commitment to continue delivering the best customer service in the industry.
“It’s exciting to join forces with Ethos,” said Paul Jaquillard, owner of Novare. “Their technology, national coverage, data security, and commitment to customer service are in a class of their own and will add more value for our customers. We are eager to bring Ethos’ data-driven approach to investigations to our clients and believe that our collective broader skill-sets will further strengthen our work product.”
This is Ethos’ sixth acquisition since 2019, following the successful integrations of HUB Enterprises, Western Limited, Combined Investigators, Inc., SIU Management LLC, and Summit Investigations.
Bailey & Company served as the exclusive strategic and financial advisor to Novare on the transaction. Terms of the agreement were not disclosed.
Source: Ethos/Bailey & Co