York Insurance Services Group Inc., a Parsippany, N.J.-based insurance services provider, has acquired Eventide Risk Management LLC, a provider of workers’ compensation and medical cost containment services in California, and its subsidiaries.
Eventide is the parent company of Southern California Risk Management Associates Inc. and Medical Audit and Management Inc. SCRMA’s management team will continue to be led by CEO Rick Taketa and President Jody Gray, and Taketa will become president of York Risk Management Associates, York’s newly formed combined workers’ compensation and medical cost containment business. Eventide Co-Founder and Chairman Ken Alston will focus on strategic acquisitions and projects for the company.
“This strategic merger will enhance our services and create a dynamic organization that continues to focus on our shared values of protecting client’s assets, relationships and reputations,” said Tom MacArthur, Chairman and CEO of York. “Our combined organization of approximately 1,000 people in 22 states is now more regionally balanced and workers’ compensation is now 25 percent of our business, roughly equal to our auto, property and general liability businesses.”
Financing for the transaction was arranged through Odyssey Investment Partners, York’s majority shareholder.
York is an insurance services business focused on the property and casualty industry. For more information, visit www.yorkisg.com.
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