ExamWorks Announces Completion of Acquisition by Leonard Green & Partners, L.P.
July 27 2016 - 8:55AM
ATLANTA, GA., July 27, 2016 --
ExamWorks Group, Inc. ("ExamWorks" or the "Company") (NYSE:EXAM), a
leading provider of independent medical examinations, peer reviews,
bill reviews, Medicare compliance services, case management
services, record retrieval services, document management services
and other related services, today announced the successful
completion of its acquisition by an affiliate of Leonard Green
& Partners, L.P. The execution of a definitive merger agreement
was announced on April 27, 2016.
ExamWorks shareholders approved the acquisition on
Tuesday, July 26, 2016. As a result of the merger, each outstanding
share of ExamWorks common stock was converted into the right to
receive $35.05 per share in cash. Additionally, ExamWorks has
become an indirect, wholly owned subsidiary of affiliates of
Leonard Green & Partners, L.P.
ExamWorks common stock (NYSE:EXAM) ceased trading
on the New York Stock Exchange at the close of market today.
About ExamWorks
ExamWorks Group, Inc. (NYSE:EXAM) is a leading
provider of independent medical examinations, peer reviews, bill
reviews, Medicare compliance, case management, record retrieval,
document management and other related services ("IME services"). We
provide the majority of these IME services through our medical
panel of credentialed physicians and other medical providers. Our
clients include property and casualty insurance carriers, law
firms, third-party claim administrators and government agencies
that use independent services to confirm the veracity of claims by
sick or injured individuals and to facilitate the delivery and
quality of cost-effective care for workers' compensation,
automotive, personal injury liability and disability insurance
coverage. We help our clients manage costs and enhance their risk
management and compliance processes by verifying the validity,
nature, cause and extent of claims, identifying fraud and providing
fast, efficient and quality IME services.
About Leonard Green &
Partners, L.P.
Founded in 1989 and based in Los Angeles, Leonard
Green & Partners is one of the nation's preeminent private
equity firms. Leonard Green invests in established companies that
are leaders in their markets, including Life Time Fitness, The
Container Store, Shake Shack, Whole Foods Market, Topshop, J.Crew,
Jetro Cash & Carry, Activision, CHG Healthcare, and Petco. For
more information, please visit www.leonardgreen.com.
CONTACT:
J. Miguel Fernandez de Castro
404-952-2400
Senior Executive Vice President and Chief Financial
Officer
investorrelations@examworks.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ExamWorks Group, Inc. via Globenewswire
HUG#2030897
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