Odyssey Investment Partners Completes Sale of One Call Care Management to Funds Advised by Apax Partners
NEW YORK, Nov. 27, 2013 - Odyssey Investment Partners, LLC announced today that it has completed the sale of its portfolio company One Call Care Management ("One Call" or the "Company") to Funds advised by Apax Partners. Financial terms of the transaction were not disclosed.
Based in Jacksonville, Florida, One Call is the nation's leading provider of specialized cost containment services to the workers' compensation industry. In December 2009, Odyssey acquired One Call Medical which was merged with MSC Care Management in August 2012 to form One Call Care Management. Over the last four years, the Company has grown both organically and through acquisitions to establish market leadership across multiple segments of the workers' compensation landscape.
"We set out to undertake a business transformation with One Call by expanding the service offering and building a scalable, high growth enterprise focused on delivering value for clients," said Jeffrey McKibben, a Managing Principal at Odyssey. "We are extremely proud to have been a part of this chapter for the Company and wish CEO Joe Delaney and the entire One Call team continued success under their new ownership."
"I'd like to thank the Odyssey team for their efforts in supporting our growth," said Mr. Delaney. "We have had a great partnership with Odyssey and look forward to working with Apax as we strive to provide superior outcomes to our clients."
Jefferies served as the financial advisor and Latham & Watkins LLP served as legal advisor to One Call Care Management in connection with this transaction.
About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with approximately $3.0 billion under management. Odyssey Investment Partners primarily makes control investments in established middle-market companies and seeks to achieve superior returns for investors through both accelerating the growth of these businesses and transforming them into more efficient and effective enterprises. For further information about Odyssey Investment Partners, please visit www.odysseyinvestment.com. The firm can be reached in New York at 280 Park Avenue, New York, NY 10017 or (212) 351-7900; and in California at 21650 Oxnard Street, Woodland Hills, CA 91367 or (818) 737-1111.
About One Call Care Management
One Call Care Management is the nation's leading provider of specialized services to the workers' compensation industry that lead to faster, more efficient and more cost effective claims resolution. From high-end diagnostics and physical therapy services, to post-discharge and in home and complex care management, to transportation and language services, to superior dental programs and other medical specialties, One Call provides reliable, consistent connections to care that enable maximum medical improvement and superior outcomes. For more information, visit www.onecallcm.com.
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