Sedgwick CMS Acquires Selective Settlements International, Inc.
MEMPHIS, Tenn. and NAPERVILLE, Ill., May 12, 2011 /PRNewswire/ -- Sedgwick Claims Management Services, Inc. today acquired Selective Settlements International, Inc., commonly referred to as Selective Settlements. Selective Settlements is a national provider of professional services related to the structured settlement process. The company specializes in facilitating the negotiation of settlements in cases of personal injury, wrongful death, medical malpractice, workers' compensation, and others.
Sedgwick CMS is the largest independent North American provider of claims and productivity management services. The acquisition of Selective Settlements brings to Sedgwick CMS powerful claim settlement tools, unique expertise in consultative approaches to resolving claims, and a wider range of settlement options for Sedgwick CMS clients and claimants that are beneficial to all parties.
"Like Sedgwick CMS, the professionals at Selective Settlements are committed to delivering excellence for everyone involved in the claim settlement process," said Sedgwick CMS President and CEO David A. North. "For more than 30 years, Jim Ebel and his team of talented consultants have helped clients manage their claim-related expenses and guided claimants in reaching structured settlements that address their long-term needs. This expertise is a natural fit for Sedgwick CMS' mission of pursuing fair claim outcomes and will help us provide a higher level of service to our clients and their claimants."
"We have always been proud to serve our clients with outstanding solutions, tools, and people," said Selective Settlements President Jim Ebel. "Our relationship with Sedgwick CMS will provide additional resources for the expansion of our structured settlement capabilities, and they share our commitment to fair outcomes for both the clients and their claimants."
Sedgwick CMS will retain all employees of Selective Settlements, as of closing.
About Selective Settlements
Founded in 1978, Selective Settlements was one of the first companies to specialize in the field of structured settlements. A national organization of highly qualified professionals who share a commitment to excellence in service, Selective Settlements has been instrumental in the successful conclusion of thousands of settlements. The company specializes in structured settlements for personal injury cases, wrongful death, medical malpractice claims, workers' compensation cases, Jones Act and Longshore cases, FELA disputes, environmental claims, condemnation, and divorce. Selective Settlements is a charter member of the National Structured Settlements Trade Association. For more see www.selectivesettlements.com.
About Sedgwick CMS
Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, medical management, risk consulting, and related services to clients through the expertise of approximately 8,500 colleagues in more than 170 offices in the U.S. and Canada. The company specializes in workers' compensation; disability, FMLA and other employee absence; general, automobile and professional liability; and warranty and credit card claims services as well as Medicare compliance solutions. Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs. For more see www.sedgwickcms.com.
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SOURCE Sedgwick Claims Management Services, Inc.
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