Mitchell International, a San Diego, Calif.-headquartered provider of technology, connectivity and information to the property and casualty insurance and collision repair industries, and Genex, a provider of clinical solutions to the workers’ compensation, auto and disability insurance markets, have entered into a definitive merger agreement in which Genex will become a new division of Mitchell.
In this transaction, Mitchell will expand its capabilities and resources in order to further assist clients across the auto, workers’ compensation and disability claims process. Genex will become a new division of Mitchell focused on clinical solutions, complementing Mitchell’s Auto Physical Damage, Casualty and Pharmacy Solutions divisions.
Alex Sun will continue as CEO of Mitchell, and Peter Madeja will continue as Genex’s CEO, now a division of Mitchell. Both will form a newly created Office of the Chairman to guide the merger and will serve on the Board of Directors of the combined operation. Genex will continue to be headquartered in Wayne, Penn.
The merger is subject to customary closing conditions, including regulatory approvals.
Source: Mitchell International Inc., Genex Services LLC
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