Genex Holdings announced Thursday that it has reached an agreement to acquire the International Rehabilitation Associates (known as Intracorp) workers’ compensation and disability case management business from Cigna Corp.Under terms of the transaction, Cigna will receive Genex stock as consideration for the sale, and intends to remain an ongoing Genex minority shareholder, Genex said in a press release. The combined business will be led by Genex Chief Executive Officer Peter Madeja and the Genex management team.Genex said it will continue its and Intracorp’s decades-long history of...
Comments