Insight, analysis & opinion from Joe Paduda

< Back to Home


PMSI’s acquisition

Yes, the deal is in process.

PBM PMSI’s new owners will be Kelso & Company and Stone Point Capital. And yes that’s  the same Stone Point that owns Stone River/Progressive Medical.

Emry Sisson and Tommy Young will remain as Co-CEOS, with current PMSI CEO Eileen Auen taking the top spot as Executive Chair.  The new company will have revenues near $750 million.

Given recent transactions, I’d hazard a guess that PMSI’s price was hefty, likely well above a double digit multiple of their EBITDA.

Auen has done a remarkable job turning around an almost-defunct PMSI; her leadership is key to the success of the new company and she will remain with the new organization in a full time role.  Anyone who knows Eileen knows she’s full-time executive, with an excellent reputation in the industry and strong relationships with many payers.

More to come

One thought on “PMSI’s acquisition”

  1. Joe,

    Interesting deal that strengthens Stone Point Capital’s position. Thanks for the post.
    Is this a “first wave” in the private equity driven reform of Worker’s Comp that you referred to in your Aug 23 post?

Comments are closed.

Joe Paduda is the principal of Health Strategy Associates



A national consulting firm specializing in managed care for workers’ compensation, group health and auto, and health care cost containment. We serve insurers, employers and health care providers.



© Joe Paduda 2024. 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.