UnitedHealth Group Purchases Minority Stake In Sedgwick Claims Management Services

                               

Claims and Productivity Management Services Provider and Health and Well-Being Company to Continue Development of Integrated Solutions for Employer Plans

Memphis, TN  (CompNewsNetwork) - Sedgwick Claims Management Services, Inc., (Sedgwick CMS), a leading provider of claims and productivity management solutions, and UnitedHealth Group (NYSE: UNH) today announced that UnitedHealth Group has purchased a minority interest in Fidelity Sedgwick Holdings, Inc., the parent company of Sedgwick CMS, from the principal shareholders of Fidelity Sedgwick Holdings.  The parties to the transaction with UnitedHealth Group are Fidelity National Financial, Inc., (NYSE:FNF); Thomas H. Lee Partners, L.P; and Evercore Partners (NYSE:EVR). 

“We are pleased to welcome UnitedHealth Group to our family of investors as a fourth substantial minority shareholder,” said David A. North, president and chief executive officer of Sedgwick CMS.  “We regard UnitedHealth Group’s extensive expertise in health care services as a promising resource for Sedgwick CMS, particularly in the context of our focus on medical management and recovery strategies for occupational health programs for our customers.”

“Sedgwick CMS is a financially strong and consistently profitable organization with a loyal and diverse customer base,” said G. Mike Mikan, executive vice president and chief financial officer of UnitedHealth Group.  “This investment deepens our existing relationship with the company, as we continue to work together to deliver a more integrated solution to our customers that links disability and workers’ compensation services and health care services.”

Sedgwick CMS and UnitedHealth Group announced last December an agreement for the joint development of a program for the integrated servicing of employer-sponsored disability, group medical, workers’ compensation and leave and absence programs.

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 6,200 colleagues in a hundred and fifty offices in the U.S. and Canada.  The company specializes in workers’ compensation; disability, FMLA and other employee absence; and general, automobile and professional liability claims services.  Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs.  For more see http://www.sedgwickcms.com/.

UnitedHealth Group (NYSE: UNH), http://www.unitedhealthgroup.com/, is a diversified health and well-being company dedicated to making health care work better.  Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through seven operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, OptumHealth, Ingenix, and Prescription Solutions.  Through its family of businesses, UnitedHealth Group serves more than 70 million individuals nationwide.

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