Insight, analysis & opinion from Joe Paduda
Minutes ago, Xerox officially announced it is acquiring ISG Holdings, parent of Stratacare and Bunch, for $225 million. In its announcement, Xerox claimed that the company is now the “leading provider” of work comp bill review services; that looks like a … Continue reading Xerox’ acquisition of Stratacare and Bunch; done deal
Read More...Apologies all – too much work last week and not enough time to get this out. Here’s what I missed reporting last week. WCRI’s annual meeting is starting Wednesday – there’s a ton on the agenda, attendance looks high, and … Continue reading Friday’s (delayed) catch-up and fast facts
Read More...It’s been a very busy week. Today Mitchell announced they’re going to buy specialty bill review firm FairPay Solutions. Makes sense for Mitchell, as FPS’ technology and expertise is unmatched in the business, and will add a lot of value … Continue reading Friday catch-up
Read More...The week flew by, so I’m running to catch up on things I should’ve posted on earlier. Looks like mother Aetna is getting her arms around Coventry work comp; reports indicate about three dozen Coventry work comp IT folks were … Continue reading Friday’s catch up and quick takes
Read More...Talked with several folks in the industry about this deal, including Sedgwick CEO Dave North. Couple points worth highlighting. This has nothing to do with Mitchell International and there will not be any combination of the companies. For some … Continue reading Sedgwick under KKR – quick takes
Read More...Investment firm KKR will buy a “majority interest” in TPA Sedgwick for $2.4 billion in a deal announced officially minutes ago. The transaction is the latest of several high-multiple deals for workers’ comp assets, second only in size to Apax’s … Continue reading Sedgwick’s been acquired
Read More...The deal is close to done, a $2 billion transaction that will make KKR one of the biggest investors in the workers’ comp transaction business. If it goes thru, Sedgwick will join bill review technology company Mitchell on KKR’s list … Continue reading It’s (un)official – KKR is buying Sedgwick
Read More...Here in no particular order are items of interest that have come up this week. Heath care spending growth in 2012 was a low 3.7 percent – the fourth consecutive year it has been under 4 percent. Moreover, health spending … Continue reading Friday fast facts and catch-up
Read More...Okay, the easy ones are done. Now it’s on to the tough, out-of-nowhere predictions, the ones that make – or more likely break, any reputation as a prognosticator. 6. Aetna will not sell its work comp business. Even though some … Continue reading Work Comp Predictions for 2014 – Part 2
Read More...It’s that time of year – I get to revisit my predictions for 2013, an often-humbling experience for someone who spends far too much time out on the bleeding edge. So, here goes. Vendor consolidation – I said “we ain’t … Continue reading Predictions for work comp in 2013 – how did I do?
Read More...