BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
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.
MedRisk LLC, a managed care organization specializing in physical therapy for the workers compensation industry, on Friday said it has entered into a partnership with Temecula, California-based Raintree Systems Inc., an electronic medical records software company, to reduce the administrative burden for physical therapists working in the comp sector.