Global private equity firm Apax Partners has agreed to acquire One Call Care Management, a US provider of cost containment services to the workers’ compensation industry, from buyout firm Odyssey Investment Partners.
It is expected that following the completion of both deals, One Call and Align will merge to create a consolidated claims resolution business.
Buddy Gumina, partner at Apax Partners, said, “We are delighted to be bringing together two premier assets in an industry with excellent secular tailwinds to create a best-in-class provider of workers’ compensation services. One Call is an extraordinary company with an industry leading suite of service lines. Adding Align’s strong singular expertise in physical medicine will be transformational and allow One Call to provide an even higher level of service to the patient, payer and provider communities.”
On completion of One Call’s sale to Apax and the subsequent merger, One Call CEO Joe Delaney will be president and CEO of the combined organisation.
Just last week Apax agreed a $305m deal to buy the European education properties of global post-secondary education programme provider Career Education Corporation.
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