Announced
Completed
Synopsis
Patriot National, a leading provider of technology and outsourcing solutions, has closed the acquisition of Global HR Research, provider of pre-employment background screening, and business analytics for $42m. "We are very excited to have GHRR and its outstanding management team as an integral part of the Patriot organization. With the acquisition of GHRR, we can now offer pre-employment screening that has become a mandatory requirement for employers in managing upfront employment risk, which is critical to ensuring safer and more profitable workplaces. Since our IPO, we have focused on leveraging our experience in workers' compensation to expand into other mandatory services for employers, such as self-funded health plans and now employee pre-screening. The combination of these mandatory services will allow us to sell more solutions to employers and build deeper relationships with them." Steven M. Mariano, Patriot National Chief Executive Officer.
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