Investment Houses Complete Acquisition of Sedgwick

Stone Point Capital and Hellman & Friedman completed a deal in which the investment houses acquired a 100% stake in third-party administrator Sedgwick Claims Management Services, for $1.1 billion, Sedgwick announced Tuesday."The arrangements and approvals for today's closing have proceeded smoothly as anticipated; and our organization's service teams have continued their uninterrupted focus on the delivery of highly responsive, cost-effective claims and productivity management solutions for Sedgwick CMS clients," stated Sedgwick CMS President and Chief Executive Officer David A. No...