Conduent Completes Sale of Its Casualty Claims Solutions Business to MedRisk
2024年9月4日 - 9:30PM
ビジネスワイヤ(英語)
Sale aligns with Conduent's strategy to
streamline its portfolio, focusing on core capabilities and
advancing synergistic growth.
Conduent Incorporated (Nasdaq: CNDT), a global technology-led
business solutions and services company, today announced that it
has completed the sale of its Casualty Claims Solutions Business to
MedRisk, the nation’s largest managed care organization dedicated
to the physical rehabilitation of workers’ compensation patients.
The transaction was initially announced on May 3, 2024.
“This completed divestiture is the third in our portfolio
optimization plan, allowing us to further improve our balance sheet
and advance our capital allocation strategy,” said Cliff Skelton,
President and Chief Executive Officer at Conduent. “Our priority
now is to ensure a seamless transition for our teammates and our
clients.”
MedRisk is acquiring Conduent’s workers’ compensation and auto
casualty bill review solutions and services, inclusive of the
Strataware portfolio of products and technology.
Conduent will continue to provide mailroom services for casualty
claim clients and will now serve MedRisk as one of its clients.
Additional details of the transaction are outlined in Conduent’s
8-K filed with the U.S. Securities and Exchange Commission (SEC)
today.
About Conduent
Conduent delivers digital business solutions and services
spanning the commercial, government and transportation spectrum –
creating valuable outcomes for its clients and the millions of
people who count on them. The Company leverages cloud computing,
artificial intelligence, machine learning, automation and advanced
analytics to deliver mission-critical solutions. Through a
dedicated global team of approximately 59,000 associates, process
expertise and advanced technologies, Conduent’s solutions and
services digitally transform its clients’ operations to enhance
customer experiences, improve performance, increase efficiencies
and reduce costs. Conduent adds momentum to its clients’ missions
in many ways including disbursing approximately $100 billion in
government payments annually, enabling 2.3 billion customer service
interactions annually, empowering millions of employees through HR
services every year and processing nearly 13 million tolling
transactions every day. Learn more at www.conduent.com.
Forward-Looking Statements
This press release, any exhibits or attachments to this release,
and other public statements we make may contain "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. The words “anticipate,” “believe,” “estimate,”
“expect,” "plan," “intend,” “will,” “aim,” “should,” “could,”
“forecast,” “target,” “may,” "continue to," “endeavor,” "if,”
“growing,” “projected,” “potential,” “likely,” "see," "ahead,"
"further," "going forward," "on the horizon," “strategy,” and
similar expressions (including the negative and plural forms of
such words and phrases), as they relate to us, are intended to
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. All
statements other than statements of historical fact included in
this press release or any attachment to this press release are
forward-looking statements, including, but not limited to,
statements regarding the sale of Conduent’s Casualty Claims
Solutions business to MedRisk, such as Conduent’s focus on
continuing to provide a seamless transition for team members and
clients while advancing its goals for deployable capital and
Conduent’s strategy to streamline its portfolio, focus on core
capabilities and advance synergistic growth, as well as to
streamline its business portfolio, enhance its focus on core
capabilities and increase agility. These statements reflect our
current views with respect to future events and are subject to
certain risks, uncertainties and assumptions, many of which are
outside of our control, that could cause actual results to differ
materially from those expected or implied by such forward-looking
statements contained in this press release, any exhibits to this
press release and other public statements we make.
Important factors and uncertainties that could cause our actual
results to differ materially from those in our forward-looking
statements include, but are not limited to: Conduent’s ability to
realize the benefits anticipated from the sale of its Casualty
Claims Solutions Business; unexpected cost, liabilities or delays
in connection with the transaction; the significant transaction
costs associated with the transaction; negative effects of the
consummation of the transaction on the market price of our common
stock or operating results, including as a result of changes in key
customer, supplier, employee or other business relationships; the
risk of litigation or regulatory actions; our inability to retain
and hire key personnel; the risk that certain contractual
restrictions contained in the definitive transaction agreement
could adversely affect our ability to pursue business opportunities
or strategic transactions; and other factors that are set forth in
the “Risk Factors” and other sections of our Annual Report on Form
10-K, as well as in our Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K filed with or furnished to the Securities and
Exchange Commission. Any forward-looking statements made by us in
this release speak only as of the date on which they are made. We
are under no obligation to, and expressly disclaim any obligation
to, update or alter our forward-looking statements, whether because
of new information, subsequent events or otherwise, except as
required by law.
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Trademarks
Conduent is a trademark of Conduent Incorporated in the United
States and/or other countries. Other names may be trademarks of
their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904679311/en/
Media Contact: Sean Collins, Conduent, +1-310-497-9205,
sean.collins2@conduent.com Investor Relations Contacts:
Giles Goodburn, Conduent, +1-203-216-3546, ir@conduent.com
Conduent (NASDAQ:CNDT)
過去 株価チャート
から 8 2024 まで 9 2024
Conduent (NASDAQ:CNDT)
過去 株価チャート
から 9 2023 まで 9 2024