We are proud to announce we served as exclusive financial advisor to Sedgwick, a portfolio company of The Carlyle Group, in connection with its divestiture of its group health peer review (“GHPR”) and independent medical examination (“IME”) assets to ExamWorks, a portfolio company of Leonard Green & Partners.
Sedgwick is a leading global provider of technology-enabled risk, benefits, and integrated business solutions. GHPR provides peer review services, including appeals and pre-certifications, to group health insurers, disability insurers, and pharmacy benefit managers and is a certified Independent Review Organization. IME provides independent medical evaluation services for third party administrators, insurance carriers, and government agencies and focuses on the workers’ compensation, auto, and liability markets.
“We were pleased to have successfully finalized this transaction, made possible in part by the partnership we have with Bailey Southwell & Co. Their expertise allowed us at Sedgwick to help find the right home for these clients and colleagues” commented Brian J. Brunett, Sedgwick’s Managing Director, Global Treasury and Mergers & Acquisitions.