MedRisk acquires Conduent’s claims business
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King of Prussia, Pennsylvania-based MedRisk, which manages physical rehabilitation in workers compensation, plans to acquire Conduent Inc.’s Casualty Claims Solutions business.
The $240 million sale is subject to customary adjustments and regulatory approval, and consists of Conduent’s workers compensation and auto casualty bill review solutions and services that includes the processing of medical bills and clinical services, and its portfolio of Strataware bill review software products, Conduent said in a statement.
In 2023, the business, with about 100 clients across multiple markets, processed 29 million medical bills, according to the statement. Conduent said 1,000 employees in the Casualty Claims Solutions business will join MedRisk.
