SOURCE: Stone Point Capital

March 01, 2007 17:17 ET

GENEX Services, Inc. Announces Completion of Sale to Trident IV, L.P.

WAYNE, PA -- (MARKET WIRE) -- March 1, 2007 -- Trident IV, L.P. (Trident IV), together with senior management of the company, today completed the purchase of 100% of GENEX Services, Inc. (GENEX) from UnumProvident Corporation (Unum). Trident IV is a private equity fund managed by Stone Point Capital LLC.

GENEX provides its clients with a broad array of managed care solutions and information management capabilities through its 2,000 employees and more than 100 service locations throughout North America. The company has a demonstrated ability to help clients manage and control the medical, wage loss, and productivity costs associated with claims in the worker's compensation, disability, automobile, and health care systems. GENEX services include utilization management, case management, medical bill review, preferred provider organizations, Social Security representation, information management and related capabilities.

Stone Point Capital is a global private equity firm that manages the Trident Funds and has raised more than $8 billion in committed capital to make investments in the global insurance and financial services industries.

Contact Information

  • Contact Information:
    Peter Madeja
    GENEX Services, Inc.
    (610) 964-5100

    Charles A. Davis
    Stone Point Capital LLC
    (203) 862-2900