Avizent, a national claims and risk management service provider based in Columbus, Ohio, announced it has acquired F.A. Richard and Associates (FARA), headquartered in Mandeville, La.
With this acquisition, Avizent expands its footprint in the west, and significantly increases operational scale in the southeast and northeast, where both companies have extensive resources.
Founded in 1978, FARA provides risk management and claims administration products and services for insurance companies, self-insured corporations and government entities.
In addition to its Web-based technology, additional FARA services that will further expand Avizent’s product suite include owned loss control, premium audit and risk control programs; as well as in-house surveillance and investigative solutions.
Source: Avizent
Topics Mergers & Acquisitions
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