Today’s issue of WorkCompRecap features the announcement from 5th Century Partners that it has acquired Perspecta, a provider of physician directories and data management solutions.
5th Century Partners noted that it expects the investment to drive accelerated growth for a market leader, and will work with leadership to build out the company’s national sales and account management team, and to enhance Perspecta’s go-to-market strategies. Philadelphia based Perspecta operates in the workers’ comp and group health space and provides service and technology-based solutions that help property and casualty insurance companies, health plans, managed care providers and third-party administrators manage their physician data and networks. The company currently has more than 75 customers, including several top 10 insurance carriers, health plans and TPAs, and has more than 40 employees.