York Risk Services Group (York), a national provider of claims-management, specialized loss adjusting, insurance pool administration and other insurance services, has acquired Dublin, Ohio-based Avizent. The terms of the acquisition were not disclosed.
Avizent, a national third party administrator, provides claims management services, managed care services, alternative risk financing options and a variety of loss control services to clients ranging from public entities, self-insured clients and carriers.
York acquired Advizent from KRG Capital Partners (KRG), a Denver-based private equity firm. Private equity firm ABRY Partners LLC provided capital for the transaction, according to the companies’ announcements.
York is based in Parsippany, N.J., and has more than 1,200 employees nationwide.
Rorykremer says: 
Small Health Insurers Assuming Big Role In Many States Under Obamacare
11 U.S. Weather Disasters in 2012 Cost More Than $1 Billion Each
Encompass Looks to PGA Sponsorship to Improve Brand
Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers
The Hartford Ordered to Pay $20M to Auto Body Shops
Broker Awarded $ 3.8M Verdict in Reputation Suit
Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion
Fracking Companies Silence Water Complaints With Sealed Settlements
Sign up to receive insurance news alerts!
