Miami, FL – Carisk Partners, a specialty risk transfer and care coordination company, recently announced its completion of a recapitalization led by Lee Equity Partners, LLC (“Lee Equity”) and Elements Health Investors, LLC (“Elements”). The recapitalization will fund Carisk’s continued expansion and position the company to invest in best-in-class products and services to benefit clients and beneficiaries across the workers’ compensation claims value chain.
Previously, an MBF Healthcare Partners portfolio company, Carisk Partners is a leader in the workers’ compensation marketplace. With deep clinical expertise and a foundation in Behavioral Health, Carisk manages the most complex catastrophic cases in a cost-effective manner through true value-based contracting. Carisk’s unique clinical model takes a whole-person approach, addressing social determinants of health and health equity, which ultimately drives superior outcomes.
“Our team is excited to partner with seasoned healthcare investors who encompass a deep understanding of the clinical program landscape and market needs,” states Joseph Berardo, Jr., Carisk CEO. “Carisk is only scratching the surface of the number of injured workers and their families who we could be helping through our industry leading care coordination solutions. Increased access to capital provides an incredible opportunity for our company to accelerate our investments for the future.”
Christian Chauvet, Partner with Lee Equity, commented, “We are excited to support Joe and his team for the next phase of Carisk’s innovation. Lee Equity Partners has a proven track record of partnering with management teams to build market leading businesses. We are confident the experience, resources, and relationships we bring to bear will add to the success of Carisk.”
Curtis Lane, Executive Chair of Elements Health Investors, added, “Elements’ excitement to work with the Carisk team is driven by our strong belief that this company is changing the way injured workers are supported in recovery. There is a significant opportunity to improve the clinical approach to workers’ compensation injuries and Carisk is leading this transformation.”
Jorge Rico, Managing Partner of MBF Healthcare Partners, offered, “The Carisk journey has been exciting to watch as the company evolved from a start-up to a leader in the marketplace. We are very thankful and fortunate for the opportunity to have partnered with Joe and his team and wish them all the best as they continue doing great work.”
Houlihan Lokey served as the exclusive financial advisor to Carisk. Akerman served as seller counsel, Ropes & Gray as buyer counsel.