Pennsylvania-based Genex has completed its acquisition of Cigna’s workers’ comp and disability case management business.
The acquisition of the business unit, International Rehabilitation Associates Inc., was announced last month.
Genex said the combined business represents the industry’s largest workers’ compensation and disability field case management network, and is a leading provider of other health care cost containment products.
Cigna received Genex stock as consideration for the sale and intends to remain an ongoing minority shareholder.
__
Source: Genex Holdings
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
