|Sedgwick To Purchase York RSG|
By Lonce Lamonte - July 8, 2019
Sedgwick has signed an agreement to purchase York Risk Services Group. Upon completion of this transaction, Sedgwick Claims Management Services and its affiliate companies and subsidiaries nationwide and worldwide will employ close to 27,000 professionals.
York is a provider of claims administration, managed care, loss control services and other solutions. In California, York has about 12 offices statewide that handle workers’ compensation claims and other liability claims’ lines.
York RSG has grown from about 1,000 employees twelve years ago to about 5,000 employees across the United States and internationally today. In 2006, York acquired Eventide Risk Management which was the parent company of various subsidiaries including Southern California Risk Management Associates (SCRMA).
SCRMA was a third-party claims administrator founded by Dale Jones in around 1988. It thrived based in Upland, California and specialized in handling workers’ compensation claims administration for school districts and other public entities. Rick Takeda was the CEO of SCRMA at the time of the sale to York and Jody Gray was the President.
York acquired Roseville, California based Gregory Bragg & Associates in July of 2008. Bragg, like SCRMA, was a public entity-focused insurance services provider. Just weeks prior to the Bragg acquisition, York acquired Michigan-based American Risk Pooling Consultants (ARPCO), also a provider of risk management and other services to public entity risk-sharing pools in the Midwest.
York purchased Avizent, a third-party claims administrator in California, in December of 2011.
Sedgwick in the last several years has made a number of acquisitions. In April of 2018, the company purchased Cunningham Lindsey. Sedgwick’s Long Beach claims office took over the self-administered workers’ compensation claims from the corporate Redondo Beach office of Macy’s in January 2018.
Sedgwick bought DSG Group in Ireland in May 2016. Vericlaim and all other T&H Global Holdings subsidiaries were purchased by Sedgwick in 2014 as well as Absentys in 2014.
There may be other recent company purchases by Sedgwick not named here.
The terms of the agreement for Sedgwick to acquire York were not disclosed
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