NASHVILLE, Tennessee (January 2017) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the sale of EvaluMed, Inc. (EvaluMed), a top provider of independent medical evaluation (IME) and medicolegal services throughout the Midwest, to MES Group, Inc. (MES), a leading provider of IMEs, peer reviews, bill reviews, Medicare compliance services, case management services, record retrieval services, document management services, and other related services. Financial terms were not disclosed.
BSC acted as the exclusive strategic and financial advisor to EvaluMed.
With its distinguished national panel of medical experts representing over 40 different specialty areas, EvaluMed has established itself as a leader in providing neutral medical opinions. Its extensive list of clients includes market leaders in auto, workers’ compensation, and disability insurance, regional and national employers, and some of the country’s most prestigious law firms. With this acquisition, MES solidifies its position as the leading IME provider in the Midwest and expands its capabilities for related services including medical record reviews, deposition handling, customized medical opinion programs, absence management services, and chiropractic consultants.
“It was only through the coaching and knowledge that Bailey Southwell brought to the table that enabled us to successfully complete our sale,” stated Stephanie Rozman, CEO of EvaluMed. “At every step of the way, they advised us and guided us, always keeping in mind the ultimate goal for both entities involved.”
About Bailey Southwell & Co., LLC
Bailey Southwell & Co., founded in 2005, is a privately held investment bank with offices in Nashville, Tennessee and St. Louis, Missouri. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.
About EvaluMed, Inc.
EvaluMed, a privately held Minnesota company established in 1995, is a leading independent medical evaluation and medicolegal services company. With physician resources that represent over 40 diverse medical specialties, EvaluMed works to exceed client expectations through superior customer service, innovative product lines, and continuous quality improvement. For medical authority, EvaluMed is the industry’s most reliable and credible resource. More information about EvaluMed can be found at www.evalumed.com.
About MES Group, Inc.
MES Group, Inc. and its subsidiaries MES Solutions and MES Peer Review Services are management services organizations that provide Independent Medical Examinations (IMEs), Peer Reviews, Utilization Reviews, Disability Management Services, Federal and Employee Assistance Program Services to property and casualty insurers, third-party administrators, self-insureds, and legal firms. MES offers services throughout the United States from its 12 service center locations, which provide clients direct access to approximately 11,000 multi-specialty examiners and reviewers. MES Group was founded in 1978 and is headquartered in Woburn, Massachusetts. More information about MES can be found at www.messolutions.com.