MedRisk Acquires Conduent's Claims Business

King of Prussia, Pennsylvania-based MedRisk, which manages physical rehabilitation in workers' compensation, plans to acquire Conduent Inc.’s Casualty Claims Solutions business. The $240 million sale is subject to customary adjustments and regulatory approval and consists of Conduent’s workers’ compensation and auto casualty bill review solutions and services, including medical bill processing and clinical services, and its portfolio of Strataware bill review software products, Conduent said in a statement. In 2023, the business, with about 100 clien...