Council Capital, a healthcare-focused private equity firm, has acquired Allegiant Managed Care, a nurse case management company providing services within workers’ compensation and other property/casualty insurance lines.
Terms of the transaction were not disclosed.
Based in Pittsburgh, Allegiant Managed Care provides vocational and nurse case management services to insurance carriers and third-party administrators across 20 states east of the Mississippi. The company employs nurse and vocational case managers to help injured workers navigate the workers’ compensation system and help contain payor costs.
Allegiant’s workers’ compensation and injury benefit services include medical case management, vocational case management and specialty services such as Life Care Plans, liability record reviews, medical cost projections and Medicare Set Asides.
“For decades, we’ve seen this approach produce excellent outcomes for injured workers and billions of dollars in cost savings for employers and their insurance carriers,” said Dave Miller.Allegiant president and founder.
“We were attracted to Allegiant Managed Care’s culture of excellent client engagement, embodied by employees at all levels of the organization who do whatever it takes to provide quality outcomes,” said Grant Jackson, Managing Partner of Council Capital.
Council Capital’s investment will be used to scale Allegiant’s services and expand the company into more states and lines of insurance. “One of the reasons we decided to partner with Council Capital was to access the wealth of healthcare and workers’ comp industry knowledge and support found in its CEO Council,” Miller said.
Council Capital. based in Nashville, Tennessee. invests in lower middle-market healthcare companies ($10-100M enterprise value). Its portfolio includes OCCMD and Adva-Net that also serve injured workers.
Topics
Workers’ Compensation
Was this article valuable?
Here are more articles you may enjoy.
Interested in Venture Capital?
Get automatic alerts for this topic.
