The transaction brings together CCC, the leader in the auto physical damage claims market with AIS, the only national, full-service provider of auto injury medical review solutions.
“We’re thrilled to welcome Matt Elges and his team to the CCC family. The acquisition of AIS is an important step in the continued execution of our strategy to expand into adjacent segments in order to better service the auto claims market,” said Githesh Ramamurthy, Chairman and Chief Executive Officer of CCC. “Together, our platform will be able to leverage proven technology, advanced data analytics and world-class customer service to provide customers with an array of solutions to optimize processes across the full auto claims management spectrum.”
Elges said, “The combination of CCC and AIS represents a strong strategic fit that will enable us to expand our reach and leverage our collective strengths in developing innovative new solutions for our customers. I am excited about the compelling opportunities the transaction presents for our customers and our employees.”
Terms of the transaction were not disclosed.
About CCC Information Services Inc.
CCC brings together what matters most - insight to make the best decisions, connections into the industry’s leading auto claims network and superior productivity through an innovative single platform. Founded in 1980, CCC is the nation’s leading provider of advanced software, workflow tools and enabling technologies to the automotive claims and collision repair industries. Its client base includes more than 350 insurance companies and more than 21,000 repair facilities. CCC also delivers the most comprehensive, best-in-class industry insights by leveraging data captured from the millions of transactions processed through its network, and the forward-looking, trusted advisor perspective of its people. You can find out more about CCC Information Services Inc. by visiting the company’s web site at www.cccis.com.
About Auto Injury Solutions
Auto Injury Solutions (AIS) is a national company that offers customizable, end-to-end medical review solutions to clients for medical claims resulting from automobile accidents involving first and/or third party injury coverage(s). AIS has three main product solutions; Bill Review Solutions which involve the review of first party medical claims; Medical Advisory Solutions which involve professional review services such as, nurse case management, physician reviews, and hospital audits; and Demand Package Solutions, which involve the review of third party medical claims. This business model includes both technology solutions and outsourcing services. You can find out more about Auto Injury Solutions by visiting www.autoinjurysolutions.com. AIS was formerly a division of Concentra, Inc., a division of Humana Inc.
Concentra, a subsidiary of Humana Inc. (NYSE: HUM), is a leading health care company focused on improving America’s health, one patient at a time. Through its affiliated clinicians, the company provides occupational medicine, urgent care, primary care, physical therapy, and wellness services from more than 300 medical centers in 39 states. In addition to these medical center locations, Concentra serves employers by providing a broad range of health and well-being services and operating more than 230 worksite medical facilities. Through this complement of services, Concentra intends to raise the standard of health by putting individuals first, treating them with clinical excellence, and focusing on their ongoing wellness. www.concentra.com
Humana Inc. (NYSE: HUM), headquartered in Louisville, Ky., is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:
- Annual reports to stockholders;
- Securities and Exchange Commission filings;
- Most recent investor conference presentations;
- Quarterly earnings news releases;
- Replays of most recent earnings release conference calls;
- Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors);
- Corporate Governance information.
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