Patriot National Pays $42M for Employment Screening Firm

Patriot National, a conglomerate of companies offering services to the workers' compensation industry, has added a pre-employment screening firm to its stable. Patriot will acquire Global HR Research for $42 million – $24 million in cash and $18 million in stock – or about 6.5 times GHRR's projected earnings before interest, taxes, depreciation and amortization in 2016, according to a Tuesday statement. GHRR President and Chief Executive Officer Brandon Phillips said in the press release that the company's pre-employment screening can help employers manage risk be...