York Risk Services Group Acquires CareWorks Family of Companies
Posted: January 31, 2014
PARSIPPANY, N.J., (January 31, 2014) – York Risk Services Group (York), a premier national provider of claims management, managed care and risk management services, today announced its acquisition of the Ohio-based CareWorks Family of Companies.
The CareWorks family operates Ohio’s largest workers’ compensation managed care organization (MCO) as CareWorks and the state’s largest third party administrator (TPA) as CareWorks Consultants, Inc. York currently offers managed care and TPA services to the Ohio market through its Dublin, Ohio based subsidiary Frank Gates.
“Frank Gates and CareWorks were once strong business partners, so this transaction brings these two great companies back together, reinforcing their combined ability to deliver outstanding service to Ohio employers,” said York President Rick Taketa.
“Both companies share a culture and commitment to deliver exceptional customer service and superior results. This acquisition improves the breadth, depth and quality of the services we offer our clients,” Taketa added. “Our organization is truly excited to be investing further in the Ohio business environment, and its wonderful people and work ethic.”
“We are very pleased to be joining York Risk Services Group,” said William Pfeiffer, Chairman and CEO of the CareWorks Family of Companies. “This is a great opportunity for our associates and customers, as we enhance our product and service offerings and create new growth opportunities.”
About York Risk Services Group
York Risk Services Group Inc. is a premier provider of claims handling, specialized loss adjusting, managed care, pool administration, loss control and other risk management and insurance services nationwide. York provides risk management and managed care solutions to a variety of strategic partners, including insurance carriers, self insureds, brokers, wholesalers, MGAs, programs, risk pools and public entities. York delivers customized claims solutions for all lines of business, including property, liability, products liability, ocean and inland marine, environmental, transportation and logistics, construction and workers’ compensation. York is based in Parsippany, New Jersey and will have approximately 3,750 employees nationwide following this acquisition.
Visit us on the web at www.yorkrsg.com.
The CareWorks Family of Companies includes CareWorks, which provides workers’ compensation medical management and case management services for more than 115,000 Ohio employers; CareWorks Consultants, which offers workers’ compensation TPA and safety services to Ohio employers; CareWorks USA, which provides medical case management and absence management services nationally; VocWorks, which provides case management and vocational rehabilitation strategies regionally; and, CareWorks Technologies, which offers information technology consulting, interactive design, software development and infrastructure solutions. Headquartered in Dublin, Ohio, the CareWorks family has approximately 980 employees.
Visit us on the web at www.careworks.com.
# # #
For more information, contact:
Anne W. Ellis
Assistant Vice President, Marketing & Communications
York Risk Services Group, Inc.
Tel: (973) 404-1282