Press Releases

Harris Healthcare Acquires MorCare

NASHVILLE, Tennessee (September 2017) — Bailey Southwell & Co., LLC (BSC) is proud to announce the sale of MorCare, LLC (MorCare), a provider of care, quality, and risk and performance management solutions to the healthcare industry, to Harris Healthcare, the healthcare group of N. Harris Computer Corporation (Harris). Harris is a wholly-owned division of Constellation Software Inc. (TSX:CSU), which acquires, manages, and builds vertical market software businesses that provide mission-critical software solutions. Financial terms were not disclosed.

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Mitchell International Acquires UniMed Direct

NASHVILLE, Tennessee (June 2017) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the sale of UniMed Direct, LLC (UniMed), a provider of proprietary enterprise managed care software and physician peer review services to the workers’ compensation industry, to Mitchell International, Inc., a leading provider of technology, connectivity, and information solutions to the Property & Casualty claims and Collision Repair industries. Financial terms were not disclosed.

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symplr Acquires Vistar Technologies

NASHVILLE, Tennessee (May 2017) — Bailey Southwell & Co., LLC (BSC) is proud to announce the sale of Vistar Technologies Corp. (Vistar), a provider of powerful, web-based solutions for quality and provider data management to managed care and payer organizations, to symplr, a leading provider of SaaS-based healthcare compliance and credentialing solutions. Financial terms were not disclosed.
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Genex Services Acquires Exam Coordinators Network

NASHVILLE, Tennessee (January 2017) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the sale of Exam Coordinators Network, Inc. (ECN), an established provider of independent medical examinations (IME) and peer review services for the non-occupational disability, automobile, and workers’ compensation markets, to Genex Services, LLC (Genex), a leader in medical cost containment and disability management services. Financial terms were not disclosed.
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MES Group Acquires EvaluMed

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.
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Hearst Acquires Work-Loss Data Institute

NASHVILLE, Tennessee (January 2017) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the sale of Work-Loss Data Institute, LLC (WLDI), a leading provider of healthcare data and guidelines to the workers’ compensation and disability industries, to Hearst subsidiary MCG Health, LLC (MCG), a top provider of care management guidelines and software for health insurers and providers. Financial terms were not disclosed.
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Paradigm Outcomes Acquires Encore Unlimited

NASHVILLE, Tennessee (October 2016) — Bailey Southwell & Co., LLC (BSC) is proud to announce the completion of the sale of Encore Unlimited, LLC (Encore), a leader in delivering clinical expertise in both medical and vocational case management to the workers’ compensation and disability markets, to Paradigm Outcomes (Paradigm), the nation’s leading provider of complex medical management services. Financial terms were not disclosed.
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HealthStream Acquires Morrisey Associates

NASHVILLE, Tennessee (August 2016) — Bailey Southwell & Co., LLC (BSC) is proud to announce that HealthStream, Inc. (NASDAQ: HSTM), a leading provider of workforce development, patient experience, and provider solutions for the healthcare industry, has acquired Morrisey Associates, Inc. (Morrisey), a privately owned provider of a wide array of market leading products for credentialing and privileging healthcare professionals. HealthStream acquired Morrisey for approximately $48 million in cash.
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Genex Services Acquires Med-Eval

NASHVILLE, Tennessee (June 2016) — Bailey Southwell & Co., LLC (BSC) is proud to announce the completion of the sale of Med-Eval, Inc. (Med-Eval), a leading provider of independent medical examination (IME) and diagnostic network services for the workers’ compensation and automotive claims market, to Genex Services, LLC (Genex), a leader in medical cost containment and disability management services. Financial terms were not disclosed.
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Cobalt Ventures Acquires MEDVAL

NASHVILLE, Tennessee (April 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the asset sale of MEDVAL, LLC (MEDVAL), an innovative provider of industry-leading Medicare Secondary Payer (MSP) compliance services to the workers’ compensation and liability insurance markets, to Cobalt Ventures, LLC (Cobalt), the for-profit holding company of Blue Cross and Blue Shield of Kansas City that offers a comprehensive range of products to easily and cost-effectively address the needs of employers and employees. Financial terms were not disclosed.
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Quantros Acquires Comparion Medical Analytics

NASHVILLE, Tennessee (March 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Comparion Medical Analytics, Inc. (CMA), one of the nation’s largest privately-held healthcare information services companies, to Quantros, Inc. (Quantros), the healthcare industry’s leading provider of enterprise safety risk management, quality management, and reporting solutions. Financial terms were not disclosed.
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ExamWorks Group Acquires Advanced Medical Reviews

NASHVILLE, Tennessee (January 2016) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Advanced Medical Reviews, Inc. (AMR), a national peer review provider based in Santa Monica, California that serves the group health, workers’ compensation, pharmacy benefit management, and healthcare provider markets, to ExamWorks Group, Inc. (ExamWorks), a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance services, case management services, and other related services. The transaction was completed at an all cash purchase price of $30 million and additionally includes an earnout for up to $9.8 million of cash payments based on revenue to be generated from a new client over a 24-month period.
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