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MedRisk Acquires Therapists Network SPNet from Select Medical
Monday 13 January 2020

13 January 2020 - Pennsylvania-based managed care organisation MedRisk has acquired physical and occupational therapists network Select Provider Networks, Inc. (SPNet) from Select Medical (NYSE: SEM) to strengthen service delivery, the company said.
The purchase price was not disclosed.
Founded in 2008 by Select Medical, SPNet offers payers a prospective, managed rehabilitation solution to control physical medicine costs that includes a proprietary peer-to-peer utilisation management system.
Under the new MedRisk ownership, SPNet will retain its name and operate independently.
MedRisk is dedicated to the physical rehabilitation of injured workers. MedRisk counts over 272,000 providers in its network and serves almost 500,000 injured workers every year.
Date Published: 13/01/2020
Target: Select Provider Networks, Inc. (SPNet)
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Status: Closed
Vendor: Select Medical
Buyer: MedRisk
Terms of the deal were not disclosed