Conduent Announces Agreement to Sell its Casualty Claims Solutions Business to MedRisk
Conduent Incorporated (CNDT)
Last conduent incorporated earnings: 2/20 04:05 pm
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US:NYSE Investor Relations:
investor.conduent.com
Company Research
Source: Business Wire
Transaction expected to close the third quarter of 2024 FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced an agreement to sell its Casualty Claims Solutions business to MedRisk, the nation’s largest managed care organization dedicated to the physical rehabilitation of workers’ compensation patients.The sale, for $240 million in cash, subject to customary adjustments, 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. In 2023, the business, with approximately 100 clients across multiple markets, processed approximately 29 million medical bills.As part of this transaction, current Conduent employees in the Casualty Claims Solutions business will join MedRisk. Conduent will continue to provide mailroom se
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CNDT
Earnings
- 5/1/24 - Beat
CNDT
Sec Filings
- 5/17/24 - Form 8-K
- 5/14/24 - Form 8-K
- 5/6/24 - Form 8-K
- CNDT's page on the SEC website