MedRisk, a King of Prussia, PA-based company which specializes in managed physical rehabilitation in workers’ compensation, acquired Medata, an Irvine, CA-based provider of cost management and clinical solutions in the United States.
The amount of the deal was not disclosed.
With this acquisition, customers of both companies will have access to expanded care management and cost containment offerings in workers’ compensation.
Led by President Tom Herndon, Medata provides comprehensive cost containment and document management solutions in the workers’ compensation and auto liability industries. The company serves insurance carriers, self-insured companies, third-party administrators, state funds, and public entities in the workers’ compensation and auto liability industries.
Led by CEO Sri Sridharan, and Executive Chairman Mike Ryan, MedRisk is a managed care organization dedicated to the physical rehabilitation of workers’ compensation patients.