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New Deal


Announced

Completed

Ethos Risk Services completed the acquisition of Novare.

Financials

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

Sources

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Tags

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Friendly

Completed

Medical Services

United States

insurance

Majority

health care

Single Bidder

medical services

biomedical services

Acquisition

Private

Domestic

Synopsis

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Ethos Risk Services, a risk management and insurance solutions provider, completed the acquisition of Novare, a vital link in the supply chain of workers’ compensation medical cost containment. Financial terms were not disclosed. “We are very excited to be working with Novare; their mission to provide personalized, efficient, cost-conscious services aligns well with Ethos. This acquisition is another step in our long-term, strategic growth plans and we’re looking forward to the value we can create for our collective clients by opening up our shared full-suite of services,” Micah Smith, Ethos Risk Services CEO.

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