Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, acquired Orchid Medical, a nationwide provider of ancillary medical management solutions for the workers’ compensation industry.
The acquisition represents an investment in the continued growth of Sedgwick’s ancillary care network, which ensures that employees of the company’s workers’ compensation clients receive prompt, high-value service for durable medical equipment (DME), transportation, translation, home health, diagnostic imaging and other aspects of care on the road to recovery, the company said in a news release.
Established in 2002 as a DME and medical supplies provider, Orchid Medical was founded on the principle of delivering reliable services and quality care to the workers’ compensation industry.
Sedgwick’s majority shareholder is The Carlyle Group; Stone Point Capital, Caisse de dépôt et placement du Québec (CDPQ), Onex and other management investors are minority shareholders. Read more.
