Sedgwick CMS fully acquires CompManagement

Sedgwick CMS Holdings, Inc. (Sedgwick CMS Holdings), parent company of Sedgwick Claims Management Services, Inc. (Sedgwick CMS), recently concluded its agreement to acquire CompManagement, Inc. (CMI) and its affiliated companies.
The finalized agreement took the form of a merger between a special purpose subsidiary of Sedgwick CMS Holdings and Security Capital Corporation (SCC), parent company of CMI.
The final purchase price was US$191.5 million. Proceeds of US$16.46 per share of SCC Common Stock and Class A Common Stock will be distributed in accordance with the merger agreement to the former shareholders of SCC, which will be de-listed from the American Stock Exchange (AMEX:SCC) in connection with the closing.
As the holder of all of the outstanding shares of SCC, Sedgwick CMS Holdings is now the parent and sole shareholder of the CMI group of companies including CompManagement, Inc., CompManagement Health Systems, Inc., Octagon Risk Services, Inc., Caronia Corporation, CMI Octagon, Inc., and CMI Barron Risk Management Services, Inc. The CMI companies provide a variety of third- party claims administration (TPA) and related medical management and consulting services to clients nationwide.