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Third-party administrator Sedgwick Claims Management Services Inc. said on Wednesday that it has finalized its previously-announced acquisition of T&H Global Holdings L.L.C. and its subsidiaries.
In September, Memphis, Tennessee-based Sedgwick said it would acquire Naperville, Illinois-based T&H, which provides specialized insurance claims services through its subsidiaries — VeriClaim Inc., VRS VeriClaim U.K. Ltd., Unified Investigations & Sciences Inc., Cramer, Johnson, Wiggins & Associates Inc. and Ellis May.
Sedgwick President and CEO David A. North said the acquisition will expand Sedgwick’s footprint beyond North America and also provide the company, the largest U.S. workers compensation TPA, with complementary capabilities in a variety of specialized property claims services.
“Today’s closing not only expands our international footprint so that we can better serve clients who operate globally, but also reinforces Sedgwick’s position as the leading provider of specialized claims and productivity management solutions,” Mr. North said in a statement. “The addition of capabilities in property adjusting services, specialized desk-top offerings and forensic investigations will allow us to respond in a more comprehensive manner during the times when our clients need us the most.
Sedgwick Claims Management Services Inc. has signed an agreement to acquire T&H Global Holdings L.L.C. and its subsidiaries, the Memphis, Tennessee-based third-party administrator said Wednesday.