Clifford Chance advises Sedgwick on its strategic sale of group health peer review and IME business to ExamWorks
New York: Leading international law firm Clifford Chance has advised Sedgwick on the sale of its group health peer review and independent medical examination (IME) business to ExamWorks, LLC (ExamWorks).
Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions with more than 27,000 colleagues, located across 65 countries. Sedgwick’s majority shareholder is investment firm The Carlyle Group. Stone Point Capital LLC, La Caisse de dépôt et placement du Québec (CDPQ), Onex Corporation and other management investors are minority shareholders.
Sedgwick had previously acquired the business lines through its 2019 acquisition of York Risk Services Group. The firm also advised Sedgwick on this transaction.
ExamWorks is a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management and related services.
Insurance and M&A partner Gary Boss led the deal, supported by senior associate Neil Barlow. The wider team included partners Howard Adler, Philip Wagman and Sharis Pozen, counsel Daryl Fairbairn and associates Dean Agnos, Atul Jain, Lauren Clarke, Michaela Spero and Lauren Sillman.