Business News: Company Nurse/Aclaimant, Ventiv Technology, Caliber Collision/Abra

December 17, 2018

Company Nurse, Aclaimant Integrate to Provide Brady Risk Management Clients With Workplace Injury Management

Company Nurse LLC, a nurse triage service for workplace injuries, and Aclaimant, a real-time incident reporting and workplace safety tool, have integrated to provide the clients of Brady Risk Management, a financial risk management firm specializing in the restaurant and hospitality industries and municipalities, with a complete workplace injury management solution.

When an employee sustains a workplace injury, he or she calls Company Nurse’s 24/7 nurse triage contact center for self-care advice and/or to be referred to an approved medical facility. Company Nurse completes a report of injury, detailing the incident, which feeds into the Aclaimant tool. From there, employers can use Aclaimant to track, manage, and follow-up on injuries.

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Ventiv Technology Acquires DAVID Corp.

Ventive Technology, a provider of risk, claims and safety software, announced that it has acquired DAVID Corp., a claims and policy administration software firm.

As a combined company, Ventiv Technology will have more than 625 clients, 390,000 users and 450 colleagues with offices in nine countries. Specific terms were not disclosed.

DAVID Corp. president and chief executive officer Mark Dorn will not be joining the newly combined companies. Dorn will, however, serve as a consultant during the transition period following Ventiv’s acquisition of DAVID Corp.

For current DAVID Corp. clients, Ventiv will fully support the NAVRISK VISION suite of products. There are no plans to move NAVRISK VISION clients to Ventiv products (or vice versa) unless a client identifies a need solved by another solution.

For new customers, the combined Ventiv/DAVID Corp. will provide integrated risk management, claims and policy solutions configured to best meet the customer’s specific needs.

Caliber Collision, Abra Auto Body Repair of America to Merge

Caliber Collision and Abra Auto Body Repair of America announced a definitive merger agreement that brings together the companies’ teams, brands and operations to better serve their customers and insurance clients. The combined company will be better-positioned to make investments that benefit customers and teammates, which include enhanced technologies and customer experience, and expanded best operational practices.

Customers and insurance clients alike will benefit from an expanded array of service offerings. The combined company will offer customers and clients a single solution with more offerings, including dedicated Non-Drive, Express and Aluminum-certified and high-line repair centers. Customers will also benefit from increased choice, as substantial opportunities exist to expand the companies’ offerings such as glass, mechanical, diagnostic scanning and calibration services and the broadest network of OEM-certified locations in the U.S.

Both companies remain committed to serving valued insurance clients through the companies’ partnership programs, while maintaining and expanding strategic relationships with a single point of contact.

The company is also committed to continuing to serve Abra’s 59 franchisees with an even greater level of attention.

The transaction is expected to close in early 2019. Caliber CEO Steve Grimshaw will lead the combined company. During the transition, customers and insurance clients should expect to see no disruption to the high-quality service and repairs they receive at both companies.

Terms of the transaction were not disclosed. As part of this transaction, private equity firm Hellman & Freidman LLC – Abra’s majority shareholder since 2014 – will become the majority shareholder of the combined company. Both OMERS and Leonard Green & Partners, L.P. (LGP) will remain significant minority shareholders in the combined company. OMERS currently owns a majority stake in Caliber and LGP owns a minority stake.

Jefferies LLC is financial advisor to both OMERS and LGP. Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel to OMERS. Latham & Watkins LLP provided legal counsel to LGP. BofA Merrill Lynch and Deutsche Bank Securities Inc. are financial advisors to Hellman & Friedman. Simpson Thacher & Bartlett LLP provided legal counsel to Hellman & Friedman.

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