Private Equity Continuing to Drive Acquisitions of Comp Companies

By John P. Kamin, ReporterA surge in workers' compensation industry mergers and acquisitions continued Wednesday with the finalization of the merger between two pharmacy benefit manager heavyweights and a managed-care organization's acquisition of a medical-imaging company.Industry experts said they anticipate that private equity firms could drive similar transactions in the near future. Pharmacy benefit managers Progressive Medical and PMSI announced Wednesday that they have finalized their merger, which was first announced on Sept. 6. The move allowed H.I.G. Capital, a private equity...