Today’s issue of WorkCompRecap features some M&A news with the announcement from Charles Taylor that it has acquired third-party administrator (TPA) and risk management specialist The Matrix Companies.
Charles Taylor noted that Matrix has established itself as a leading provider of workers’ compensation claims management in Ohio, and the acquisition further strengthens Charles Taylor’s presence in the Midwest as it continues its growth strategy across the country. The transaction will also broaden Charles Taylor’s portfolio by including Matrix’s full spectrum of risk management and workplace safety solutions, while in turn Matrix clients will receive national claims and TPA coverage, property & casualty expertise, enhanced technology and sophisticated data and analytics reporting.