MedRisk seals $240m deal to buy Conduent's claims solutions unit [Yahoo! Finance]
Conduent Incorporated (CNDT)
Last conduent incorporated earnings: 2/20 04:05 pm
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Source: Yahoo! Finance
The acquisition comprises Conduent's workers' compensation and car liability bill review solutions and services, which include processing medical bills and clinical services. It also includes a suite of Strataware bill review software products. This move is expected to bolster MedRisk's position in the market by expanding its claims handling capabilities and client base. Conduent said that its claims business caters to some 100 clients across diverse markers and processed around 29 million medical bills in 2023. Set up in 1994 and headquartered in King of Prussia, Pennsylvania, MedRisk manages physical rehabilitation for workers' compensation patients. The agreement will also see the transition of Conduent employees within the casualty claims solutions division to MedRisk. Additionally, Conduent will maintain its relationship with MedRisk by continuing to provide mailroom services for current casualty claims clients. MedRisk CEO Sri Sridharan said: "This acquisition add
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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