Memphis, Tennessee., February 20, 2025 /PRNewswire/ -Sedgwick is a leading global provider of bill management, loss adjustment, technology-enabled business solutions and bottom line, and a global leader in business payments and cash management, with Sedgwick leading the bottom line legal I signed a contract to win spending. Management (LSM) department. LSM Business Services Properties and Victims (P&C) Insurance Industry, Airlines, Third Party Administrators (TPAs), Self-Insured Entities, Corporate Legal Sectors with Cloud-based Software Applications and Complementary Legal Bill Review Solutions Provides.
Sedgwick leverages Bottonline’s latest, highly scalable LSM technology infrastructure, including Legal-X and the Legal Exchange web platform, to help clients manage the costs of their litigation. With customary terms and closure of transactions subject to regulatory approvals pending, Sedgwick plans to operate the LSM business as a separate division.
“The bottom line LSM business is highly suited to Sedgwick. By providing these solutions in-house, we can better help our clients make data-driven decisions regarding litigation management,” he said. Masu. Jim RyanChief Operating Officer of Sedgwick. “This transaction sets Sedgwick’s new standard of excellence and positions us as an unparalleled billing partner for organizations around the world. We will bring industry-leading LSM expertise to third-party bill reviews. By integrating it into existing capabilities, we increase the value we bring to our meetings. The evolving needs of our clients and their customers.”
Adding an end-to-end bill review solution to Sedgwick’s services menu would benefit the company’s victim clients, particularly those of its victims.
“The combination of Sedgwick’s industry-leading real estate and victim claims management services with LSM’s end-to-end bill review solutions is a game-changing experience for customers.” Craig SachsBottom Line CEO. “This transaction allows the Bottomline to focus on business payments and cash management, providing an amazing home for LSM colleagues and customers.
For LSM. ”
Sedgwick hopes to migrate around 300 LSM colleagues to ensure that clients receive top quality service from experts they know and trust.
Morgan Stanley & Co. Sutcher & Bartlett LLP, who served as financial advisors by LLC and Bofa Securities and Simpson, served as attorneys for Sedgwick in connection with the transaction. Deutsche Bank Securities Inc. served as financial advisor, and Kirkland & Ellis LLP ultimately served as lawyers.
About Sedgwick
Sedgwick is a leading global provider of billing management, loss adjustment and technology-enabled business solutions. The company offers a wide range of resources tailored to the specific needs of its clients in victims, property, marine, benefits, brand protection and other lines. At Sedgwick, there is compassion. Through the dedication and expertise of more than 33,000 colleagues in 80 countries, the company reduces and reduces risks and losses, promotes health and productivity, protects brand reputation and impacts performance. Take care of people and organizations by keeping certain costs down. Sedgwick’s majority shareholder is Carlisle Group. Stone Point Capital LLC, Altas Partners, CDPQ, ONEX and other managed investors are minority shareholders. For more information, please visit sedgwick.com.
About the bottom line
The bottom line helps businesses change their payment methods and payment methods. Bottomline, a global leader in business payments and cash management, modernizes payments for businesses and financial institutions around the world. He has over 35 years of experience and has moved more than that. $16 trillion With annual payments, Bottomline is committed to driving impactful customer outcomes by rethinking business payments and providing solutions that increase revenue. Bottomline is a portfolio company Toma Bros.one of the world’s largest software private equity companies, $166 billion With managed assets. For more information, please visit bottondline.com.
The bottom line and bottom line logo are from Bottonline Technologies, Inc. is a trademark or registered trademark of
Source: Sedgwick Claims Management Services, Inc.
