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CCMSI HOLDINGS, INC. ANNOUNCES THE ACQUISITION OF VERTICAL CLAIMS MANAGEMENT, LLC.

8/5/2014

 

Danville, IL – August 5, 2014 -- The Board of Director of CCMSI Holdings, Inc. (CCMSI) is pleased to announce the acquisition of Vertical Claims Management, LLC (VCM) effective August 1, 2014.

 

"G. Bryan Thomas, CEO of CCMSI states "We are excited by the acquisition of VCM. VCM brings a new expertise to CCMSI. We have found a great company that has outstanding employees and clients and we look forward to working together."

 

"Clare Bellow, CEO of VCM notes "This partnership is a wonderful event for VCM, both for the and our clients. CCMSI and VCM complement each other and will be able to provide an even higher quality of service to the industry. We are looking forward to this new chapter in VCM's growth."

 

"VCM, based in Wexford, Pennsylvania, is a Third Party Administrator specializing in professional liability programs for medical facilities and providers. Since 2002, VCM has led the industry with customized and high quality claims and litigation management services. VCM has proudly worked, both as a TPA and as a consulting partner with some of the country's leading healthcare facilities and professionals.

 

CCMSI is 100% employee owned and is the largest independent Third Party Administrator in the country, with annual revenues in excess of $115 million.Founded in 1978, CCMSI has more than 1,000 employees working with clients nationwide from thirty-nine office locations. Our services include complete workers compensation and property/casualty claims administration, managed care services and loss control consulting.

 

StoneRidge Advisors, LLC acted as the sole financial advisor to Vertical Claims Management.

 

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