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York For The Moment Just Taking Care Of Its Own. No New Purchases Quivering On The Horizon.
By Lonce LaMon - February 17, 2012

York Risk Services Group isn’t buying another TPA at the moment, and has no immediate plans to do so in the immediate upcoming future, according to York communications director, Ritchie Vener. 
 
But York RSG has pretty much been on the move since 2006 when it bought a prime Third-Party-Administrator in California called Southern California Risk Management Associates, or SCRMA.  Then it moved on further to purchase a TPA called Claims Management Inc. which was based in the Sacramento area, and also Bragg & Associates, which was also well established in Sacramento and the Northern California area.
 
Then late last year, which wasn’t very long ago, York RSG purchased Avizent Risk, a TPA owned by Frank Gates that has claims administration offices in Anaheim, Irvine, and El Dorado Hills, California.  However, as recently as 2010, Avizent purchased FA Richard and Associates or FARA, a third-party-administrator based in Mandeville, Louisiana.
 
Ritchie Vener told adjustercom earlier this week, “Avizent bought FA Richard, but then didn’t do very much to integrate them.  When we bought Avizent it was really like buying two companies.  Integrating is pretty straight-forward stuff; so, we’re just working through all that to make sure everything works.”
 
According to Vener, presently at the customer level there’s really no change.  But at the executive level—figuring out the job duties when there are a couple of people doing the same job, is the task at hand.  “What’s the best arrangement?”
 
Ritchie Vener continued to explain, “So, we found that the folks at Avizent and FARA are pleased to have someone come in and be very focused on pleasing the customers, and how can we make things better.   I am thinking of the acquisition world in general.  Acquisitions can be tough. Nothing is easy, but everyone is enthusiastic.  It’s great.”
 
Vener says York is not looking to get big.   “But if there’s something we can offer to our customers to fill a hole we have in our offerings, we look at stuff like that.  Who knows?  As the year goes on, maybe something will come along.  We’re not in a rush to do stuff.”
 
Thus, for now, York is working out what it has acquired over the past five to six years, and remaining in process of integrating.  “We just want to make sure that we get this right,” Vener made clear, “and not rush into anything. Wouldn’t you rather be just good than having so many far-flung things that don’t make sense? 
 
 
 

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