NASHVILLE, Tennessee (June 2015) — Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the asset sale of Integrated Care Management (ICM), a leading case management company that serves the workers’ compensation and disability insurance markets, to GENEX Services, LLC (GENEX), the nation’s largest provider of workers’ compensation clinical services. Financial terms were not disclosed.
BSC acted as the exclusive strategic and financial advisor to ICM.
ICM is recognized as one of the leading providers of analytics-driven case management services in the industry. Through the application of their innovative approach, ICM has a demonstrated history of returning injured employees back to work quickly and safely while keeping costs and complexity to a minimum. With this acquisition, GENEX increases its number of employee case managers to more than 1,700. It also extends and enhances GENEX’s national market position in the 20-plus states where ICM does business, enabling more workers’ compensation payors and risk managers to access its specialized managed care services that transform bottom lines.
“The team at Bailey Southwell didn’t just meet expectations, they exceeded them every single time,” noted Kevin Hill, CEO of ICM. “They understood who we were, what we did, and the space we worked in. Their depth of understanding of all facets of the deal was remarkable. Not only do I recommend them, I will use them when we decide to sell our other companies. These are the guys you want in your corner…period…end of story.”
About Bailey Southwell & Co., LLC
Bailey Southwell & Co., founded in 2005, is a privately held investment bank with offices in Nashville, Tennessee and St. Louis, Missouri. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.
About Integrated Care Management
ICM is as an innovative case management company that provides case management services, cost containment solutions, and data analytics for self-insured employers, third-party administrators, insurance companies, and other organizations. Employing a unique combination of talented people, value-added processes, and expert insights driven by a proprietary data-mining tool, ICM successfully lowers costs, provides insight, and improves productivity for its clients. More information about ICM can be found at www.integratedcare.com.
About GENEX Services, LLC
GENEX Services is the trusted provider of managed care services that enables workers’ compensation payors and risk managers to transform their bottom lines. GENEX is the most experienced managed care provider in the industry, with more than 2,500 employees and 47 service locations throughout North America. The company serves 381 of the top Fortune 500 companies in the U.S. today. In addition, GENEX is the only company that delivers high quality clinical services enhanced by intelligent systems and 360-degree data analysis to consistently drive superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. More information about GENEX can be found at www.genexservices.com.