KKR invests in Sedgwick Claims Management

KKR, a global investment firm, has signed an agreement to acquire majority ownership of Sedgwick Claims Management Services.

Sedgwick provides technology-enabled health claims and productivity management solutions.

“Employers [are] adjust[ing] to an evolving health care delivery model [due to] the shifting demographics of the workforce and a multitude of additional challenges,” says Tagar Olson, head of KKRs financial services investment practice. He adds the acquisition will boost KKR’s claims services.

The transaction is expected to close during the first quarter of 2014, subject to customary conditions and regulatory approvals.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.