CVC Capital Partners has acquired a majority interest in MedRisk. MedRisk is a leading provider of managed physical medicine services for the workers’ compensation industry in the U.S. The Carlyle Group, MedRisk’s current majority owner, will retain a significant stake and maintain joint control in partnership with CVC. The MedRisk team, including founder Shelley Boyce, executive chairman Mike Ryan and CEO Ken Martino, will reinvest in the Company.

“MedRisk has an excellent reputation and a proven ability to improve access to high-quality care, which has enabled the Company to become the industry leader in managed physical therapy for injured workers,” said Fazle Husain, partner at CVC Capital Partners. “We look forward to working closely with the talented team at MedRisk and our friends at Carlyle to continue the compelling growth trajectory of the Company while ensuring that patients continue to receive the highest quality service.”

MedRisk executive chairman Mike Ryan added, “Partnering with CVC, given their extensive network and significant financial resources, will fuel our next stage of growth. They have a deep understanding of the healthcare sector and a strong record of helping to build market-leading companies, while maintaining the highest levels of quality.”

Centerview Partners and Truist Securities acted as financial advisors to MedRisk and Carlyle and Debevoise & Plimpton LLP as their legal advisor. White & Case LLP acted as legal advisor for CVC Capital Partners. Equity capital for the investment will come from CVC Fund VII and Carlyle Partners VI.