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Asset manager acquires majority stake in MedRisk

Asset manager acquires majority stake in MedRisk

The Carlyle Group, an alternative asset manager, has agreed to acquire a majority stake in MedRisk Inc., a King of Prussia, Pennsylvania-based provider of managed physical medicine solutions to the workers compensation sector.

Financial terms of the deal were not disclosed.

Established in 1994, MedRisk has a national network of physical medicine providers in 49 states and Washington, D.C., Carlyle said Monday in a statement. Its services include managed occupational and physical therapy and chiropractic care.

MedRisk’s current investor, private equity firm TA Associates Management L.P., will exit and MedRisk’s founder, Shelley Boyce, along with CEO Mike Ryan and other MedRisk executives, will retain a minority equity stake, Carlyle said in the statement.

“Specialty benefit managers are on the right side of the cost curve, offering a strong value proposition to payors, providers, and patients. Shelley, Mike, and the rest of the management team have built MedRisk into a world class organization within this fast-growing segment of health care services,” Stephen H. Wise, New York-based managing director and global head of health care for The Carlyle Group, said in the statement.


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