Search
 

Predictions for Workers' Compensation in 2010 - a Mid-Year Report

Each year I make a list of predictions -- a dangerous habit to be sure, but one I can't seem to break.

By Joseph Paduda | Updated on June 16, 2010

Each year I make a list of predictions — a dangerous habit to be sure, but one I can’t seem to break. Here are my nine projections from six months ago, commentary on where we are today, and how I think I did.

1. Acquisitions will accelerate. We’ve seen an upsurge in the number of deals of late, with FairPay and One Call Medical the two biggest and most recent. I would expect this to continue. Bunch may be the next to go, but ownership’s demand for a 9x + multiple is not likely to fly. If they manage their expectations and get a bit more realistic, it could happen.

Count this as a yes. On the vendor side, the Bunch deal is reportedly close to closing, OneCall acquired transportation/translation vendor STOPS earlier this month, and Stratacare’s owners bought CS Stars’ MedBillPro business. Payer deals included Sedgwick (rather equity in Sedgwick)’s sale and the acquisition of Zenith by Fairfax. I would expect a few more deals later this year, depending on how much the credit markets loosen up.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.