MedRisk Acquires SPNet

MedRisk has acquired Select Provider Networks, Inc. (SPNet) from Select Medical (NYSE:SEM). SPNet provides a boutique specialty network of physical and occupational therapists to the workers’ compensation industry. Founded in 2008 by Select Medical, SPNet offers payers a prospective, managed rehabilitation solution to control physical medicine costs that includes a proprietary peer-to-peer utilization management system. Under the new MedRisk ownership, SPNet will retain its name and operate independently.

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