Joseph Paduda's weblog on managed care for group health, workers compensation & auto insurance, covering health care cost containment, health policy, health research, and medical news for insurers, employers, and healthcare providers.
« Bigger and better | Main | Shafrin nails it »
Genex, the work comp anaged care subsidiary of UNUMProvident, has been sold to an investment firm. Unum had had the company on the block for quite a while, so the transaction is not a surprise.
Unum had purchased Genex years ago, in what was touted at the time as a way for the disability insurer to gain expertise in managing disability. Insiders noted that after the initial synergy discussions, there was not a lot of knowledge transfer from Genex to Unum's disability management unit.
Joseph Paduda is the principal of Health Strategy Associates.
Get notified by e-mail about site updates:
Copyright Joe Paduda 2004-2006. We encourage links to any material on this page. Fair use excerpts of material written by Joe Paduda may be used with attribution to Joe Paduda, Managed Care Matters.
Note: Some material on this page may be excerpted from other sources. In such cases, copyright is retained by the respective authors of those sources.
Comments
interesting development. says to me that genex and workers comp capability is not a strategic fit any longer for a disability/benefits company. does this also say that the demand for IDM is not there anymore - if it ever was?
Posted by: joe | January 25, 2007 9:27 PM