Bailey Southwell & Co. Advises Cobalt Ventures in its Sale of CompAlliance to Mitchell | Genex

December 3rd, 2019 | BSC News Featured Press Release Transactions

We are proud to announce we acted as exclusive financial advisor to Cobalt Ventures, LLC, the captive private equity subsidiary of Blue Cross and Blue Shield of Kansas City, in its sale of CompAlliance, LLC to Mitchell | Genex.  This is the second time this year that BSC advised Cobalt Ventures with the first being when we assisted in the sale of  MEDVAL LLC to Brown & Brown in March.

Based in Kansas City, MO, CompAlliance has served the workers’ compensation industry since its founding in 1992 and offers a comprehensive end-to-end solution to its clients that delivers significant efficiency and cost savings by helping workers return to work as soon as medically appropriate. Through its proprietary PPO network in the Midwest, internal bill review team, and state-of-the-art technology, CompAlliance is uniquely positioned to provide comprehensive managed care services from the initiation of a claim to settlement.

“Bailey Southwell’s knowledge of the workers’ compensation and managed care services industries is unrivaled,” shared Jim Weir, President of CompAlliance. “Their understanding of the sector trends and opportunities enabled them to efficiently and effectively navigate our options, providing steady counsel and ultimately identifying the ideal home for the company, employees, and customers.”

“Bailey Southwell’s knowledge of the workers’ compensation and managed care services industries is unrivaled,” shared Jim Weir, President of CompAlliance. “Their understanding of the sector trends and opportunities enabled them to efficiently and effectively navigate our options, providing steady counsel and ultimately identifying the ideal home for the company, employees, and customers.” 

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