About MedRisk
MedRisk is a company based in King Of Prussia (United States) founded in 1994 was acquired by CVC in February 2021.. The company has 792 employees as of December 31, 2022. MedRisk has completed 2 acquisitions, including Medata and SPNet Clinical Solutions. MedRisk offers products and services including Physical Medicine Program, Network Advantage, and Data Analytics. MedRisk operates in a competitive market with competitors including Nomi Health, MedXoom, Ribbon Health, NRC Health and TPA Stream, among others.
- Headquarter King Of Prussia, United States
- Employees 792 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Medrisk, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
The Carlyle Group
& 3 more
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Employee Count
792
as on Dec 31, 2022
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Investments & Acquisitions
Medata
& 1 more
- Acquired by
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Products & Services of MedRisk
MedRisk offers a comprehensive portfolio of products and services, including Physical Medicine Program, Network Advantage, and Data Analytics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages physical therapy for workers' compensation injuries
Operates a network of therapists for efficient case resolution
Provides analytics for tracking recovery outcomes and benchmarks
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Funding Insights of MedRisk
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2018 | Amount | Debt – Conventional - MedRisk | Valuation |
investors |
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| Feb, 2016 | Amount | Private Equity Round - MedRisk | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MedRisk
MedRisk has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include The Carlyle Group, CVC and PSP Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MedRisk
MedRisk has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Medata and SPNet Clinical Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Occupational health services are provided via a chain of clinics.
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2008 | ||||
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Provider of digital transformation services
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1975 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MedRisk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medrisk Comparisons
Competitors of MedRisk
MedRisk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nomi Health, MedXoom, Ribbon Health, NRC Health and TPA Stream, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified systems and services for health care are provided.
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| domain | founded_year | HQ Location |
Cloud-based health benefits management platform for employers, patients, and providers
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| domain | founded_year | HQ Location |
Predictive analytics platform is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Provider of solutions that facilitate measurement and improvement of the patient and employee experience
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| domain | founded_year | HQ Location |
Cloud-based platform automates EOB harvesting for third-party administrators.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medrisk
Frequently Asked Questions about MedRisk
When was MedRisk founded?
MedRisk was founded in 1994 and raised its 1st funding round 22 years after it was founded.
Where is MedRisk located?
MedRisk is headquartered in King Of Prussia, United States. It is registered at King Of Prussia, Pennsylvania, United States.
How many employees does MedRisk have?
As of Dec 31, 2022, the latest employee count at MedRisk is 792.
What does MedRisk do?
MedRisk provides managed PTOTchiropractic care, diagnostic imaging services, and FCEs for the workers compensation industry. Solutions include Managed physical medicine, Managed diagnostic imaging, Delayed recovery solutions - Restore, Utilization review, Functional capacity evaluations, Document management, Data analytics, Best-practice claim-workflow automation, Specialty network services, Network integration, and Patient Advocacy. The company works serves Insurance Carriers, TPAs, State funds, Adjusters and Case Managers, Employers, Physicians, and Network Providers. Ranked among the 40 fastest-growing U.S. healthcare companies by Modern Healthcare magazine.
Who are the top competitors of MedRisk?
MedRisk's top competitors include MedXoom, Nomi Health and Ribbon Health.
What products or services does MedRisk offer?
MedRisk offers Physical Medicine Program, Network Advantage, and Data Analytics.
How many acquisitions has MedRisk made?
MedRisk has made 2 acquisitions, including Medata, and SPNet Clinical Solutions.
Who are MedRisk's investors?
MedRisk has 4 investors. Key investors include The Carlyle Group, CVC, PSP Investments, and TA Associates.
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