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CVC Capital Partners Fund VII to invest in MedRisk
CVC joins up with existing investor Carlyle to form a new partnership with MedRisk and to accelerate growth and continue delivering best-in-class care to injured workers
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NEW YORK, Feb. 23, 2021 /PRNewswire/ CVC Capital Partners ( CVC ) announced today that CVC Fund VII has signed a definitive agreement to acquire a majority interest in MedRisk ( MedRisk or the Company ). MedRisk is a leading provider of managed physical medicine services for the workers compensation industry in the U.S. The Carlyle Group, MedRisk s current majority owner, will retain a significant stake and maintain joint control in partnership with CVC. The MedRisk team, including founder Shelley Boyce, Executive Chairman Mike Ryan and CEO Ken Martino, will reinvest in the Company.