RSA Medical, a portfolio company of Beecken Petty O’Keefe & Company, has agreed to be acquired by Xerox.
RSA Medical is an outsourced provider of risk management services to the individual health and life insurance industries. The company’s products and services are used to improve how insurance companies collect applicants’ medical and demographic information and make underwriting decisions. The company’s data collection services include medical exams, medical record retrieval, telephonic medical interviews, prescription drug history profiling and an automated rules engine to interpret the data collected and produce underwriting decisions. RSA is headquartered near Chicago in Naperville, IL (www.rsamedical.com).
Beecken Petty O’Keefe & Company (BPOC) invests in middle market buy-out transactions, recapitalizations and growth platforms in the healthcare industry. The firm is currently investing through Beecken Petty O’Keefe IV, LP, a $500 million fund raised in 2013. BPOC was founded in 1996 and is based in Chicago (www.bpoc.com).
RSA Medical is the second portfolio company sold by BPOC to Xerox in the last two years. In May 2014, Xerox acquired ISG Holdings, a provider of products and services used to contain medical costs related to workers’ compensation claims.
Xerox (NYSE:XRX) is a business services, technology and document management company. The company has more than 140,000 employees and does business in more than 180 countries, providing business services, printing equipment and software for commercial and government organizations. Xerox is headquartered in Norwalk, CT (www.Xerox.com).
Harris Williams & Co. is the exclusive advisor to RSA. The transaction is being led by Cheairs Porter, Whit Knier and Tyler Bradshaw of Harris Williams & Co.’s Healthcare & Life Sciences Group and Sam Hendler of the firm’s Technology, Media & Telecom Group.
© 2015 PEPD • Private Equity’s Leading News Magazine • 8-25-15
