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argentrehabilitation.com

Stage

Acquired | Acquired

Valuation

$0000 

About Argent Rehabilitation Services

Argent Rehabilitation Services, founded in 2007, provides comprehensive rehabilitation case management and return to work solutions services to insurance companies, claimant and defendent legal suppliers, employers and government agencies.

Argent Rehabilitation Services Headquarter Location

12 Dingwall Road Croydon

Surrey, England, CR0 2NA,

United Kingdom

0344 245 4066

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Latest Argent Rehabilitation Services News

ExamWorks Completes Acquisition of Argent Rehabilitation; Announces Two New National Accounts in the UK

Nov 23, 2015

11/23/2015 | 05:01pm US/Eastern (You can enter multiple email addresses separated by commas) Message : *Required fields ATLANTA, GA., Nov. 23, 2015 (GLOBE NEWSWIRE) -- ExamWorks Group, Inc. (NYSE:EXAM), a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance services, case management services, and other related services (“IME services”), today announced the acquisition of the business and assets of Argent Rehabilitation Services and Argent Investigation Services (collectively referred to as “Argent”) for an all cash purchase price of £35 million or approximately $53 million using a conversion rate of 1.51. ExamWorks funded the acquisition with cash on hand. The transaction makes ExamWorks’ UK subsidiaries, Premex Group (“Premex”) and 3d Rehabilitation Services, one of the UK’s largest rehabilitation service providers. Rehabilitation services include file reviews, diagnostic, return-to-work programs and related services for the liability insurance market. Argent generates annual revenues of approximately £18 million or approximately $27 million using a conversion rate of 1.51. The combination provides incremental scale to operations and brings expertise in the complex and high value claim arena to the Premex portfolio. The acquisition is consistent with Premex's successful execution of its growth strategy in areas necessary for its customers to manage costs, compliance and claimant communications. Like Premex, Argent serves motor insurers and law firms throughout the United Kingdom. Additionally, simultaneously with the closing of this transaction, Premex announced that it has entered into two additional national account contracts. This brings Premex’s national account total to six. Commenting on the transaction, James K. Price, CEO of ExamWorks, said: “The Argent acquisition meets our strategic criteria to acquire companies with a strong customer base, diverse portfolio of services and innovative technology platforms. Bringing Argent and its services into the Premex Group complements our core assessment and diagnostic services. We are pleased to welcome Argent to the ExamWorks family of companies.” Richard E. Perlman, Executive Chairman, said: "Our UK business continues to exceed our expectations. The momentum of the national account program continues to accelerate. We anticipate that these two new national accounts will contribute towards the organic growth rates we have historically experienced from our national account program. " About ExamWorks Group ExamWorks Group, Inc. is a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance services, case management services, and related services ("IME services"). We help our clients manage costs and enhance their risk management processes by verifying the validity, nature, cause and extent of claims, identifying fraud and providing fast, efficient and quality IME services. ExamWorks is focused on providing clients a national presence while maintaining the local service and capabilities they need and expect. CONTACT:ExamWorks Group, Inc.J. Miguel Fernandez de CastroSenior Executive Vice President and Chief Financial Officerinvestorrelations@examworks.com404-952-2400 © GlobeNewswire 2015 Latest news on EXAMWORKS GROUP, INC. 05:01p

  • Where is Argent Rehabilitation Services's headquarters?

    Argent Rehabilitation Services's headquarters is located at 12 Dingwall Road, Surrey.

  • What is Argent Rehabilitation Services's latest funding round?

    Argent Rehabilitation Services's latest funding round is Acquired.

  • Who are the investors of Argent Rehabilitation Services?

    Investors of Argent Rehabilitation Services include ExamWorks.

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