Today’s issue of WorkCompRecap features some M&A news with the announcement from Ethos Risk Services that is has acquired Novare, a full-service workers’ comp medical cost containment company specializing in medical and vocational case management, independent medical exams, utilization management, medical bill review, and Medicare secondary payer services.
Ethos noted that the acquisition is another step in its long-term, strategic growth plans, and marks its 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.