King of Prussia, Pennsylvania-based MedRisk, which manages bodily rehabilitation in employees compensation, plans to accumulate Conduent Inc.’s Casualty Claims Options enterprise.
The $240 million sale is topic to customary changes and regulatory approval, and consists of Conduent’s employees compensation and auto casualty invoice evaluate options and providers that features the processing of medical payments and scientific providers, and its portfolio of Strataware invoice evaluate software program merchandise, Conduent stated in a press release.
In 2023, the enterprise, with about 100 shoppers throughout a number of markets, processed 29 million medical payments, in accordance with the assertion. Conduent stated 1,000 staff within the Casualty Claims Options enterprise will be part of MedRisk.
