CVC Capital Partners acquires majority stake in MedRisk
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Private equity firm CVC Capital Partners BV announced Tuesday that it has acquired a majority stake in MedRisk LLC, a managed care organization specializing in physical therapy for the workers compensation industry.
Financial terms of the agreement, which is expected to close in the second quarter, were not released.
MedRisk’s current majority owner, The Carlyle Group, will retain a significant stake and maintain joint control of King of Prussia, Pennsylvania-based MedRisk along with Amsterdam-based CVC Capital Partners.
MedRisk’s executive team, including founder Shelley Boyce, Executive Chairman Mike Ryan and CEO Ken Martino will reinvest in the company as part of the agreement.
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