Kelso to buy stake in merged Progressive Med, PMSI
Progressive Medical and PMSI are merging. Kelso & Company will have a significant ownership stake in the combined company. Financial terms weren't announced. StoneRiver Group, the seller, will continue to have a stake. Westerville, Ohio-based Progressive Medical provides workers' compensation pharmacy benefits and ancillary services. PMSI, of Tampa, provides is focused on workers compensation and provides cost containment across the claims lifecycle.
9 September 2013•3 mins read
