Conduent, a Florham Park-based technology-led business solutions and services company, has completed the sale of its Casualty Claims Solutions Business to MedRisk, the managed care organization dedicated to the physical rehabilitation of workers’ compensation patients.
The transaction was initially announced May 3.
“This completed divestiture is the third in our portfolio optimization plan, allowing us to further improve our balance sheet and advance our capital allocation strategy,” Cliff Skelton, CEO and president at Conduent, said. “Our priority now is to ensure a seamless transition for our teammates and our clients.”
MedRisk is acquiring Conduent’s workers’ compensation and auto casualty bill review solutions and services, inclusive of the Strataware portfolio of products and technology.
Conduent will continue to provide mailroom services for casualty claim clients and will now serve MedRisk as one of its clients.
