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Apax Partners buys managed care services company GENEX from Stone Point

2 Jun 2014

conard-care_sqEuropean private equity firm Apax Partners has bought managed care services business GENEX from Stone Point Capital.

The company provides care focusing on controlling healthcare costs and reducing disability expenses throughout the injury recovery process.

Apax partner Buddy Gumina said, “We are delighted about the Apax Fund’s new partnership with GENEX Services, which is an extraordinary company with tremendous growth potential within the workers’ compensation space.

“Over many years, GENEX has built market leading managed care solutions for the workers’ compensation industry.

“We look forward to working with Peter Madeja and the GENEX management team to further expand the company’s managed care solution portfolio through both organic investment and future acquisitions.”

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