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Announced

Stone Point-backed Mitchell | Genex completed the acquisition of Coventry Workers’ Comp Services from CVS Health.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

United States

Completed

compensation management

Acquisition

cost-containment solutions

Business Process Outsourcing

Private

Friendly

Domestic

Private Equity

Synopsis

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Stone Point-backed Mitchell | Genex, a provider of cost containment technology, clinical services, and disability management, completed the acquisition of Coventry Workers’ Comp Services, a provider of compensation, auto care-management and cost-containment solutions, from CVS Health, an American healthcare company. Financial terms were not disclosed. “Today Mitchell | Genex takes a major step in meeting our continuous objective of offering unparalleled services to our clients while producing better outcomes for injured parties. Both Mitchell | Genex and Coventry have a renowned history of delivering superior results. This combination builds on our cost containment technology and clinical service expertise in workers’ compensation and auto casualty and considerably expands our network offerings,” Peter Madeja, Genex Services President and CEO.

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