Press Release December 18, 2017

TA Associates Sells Majority Stake in MedRisk to The Carlyle Group

Goodwin’s Private Equity team advised TA Associates in connection with selling its majority stake in MedRisk, a King of Prussia, Pennsylvania-based provider of physical medicine solutions to the workers’ compensation industry, to The Carlyle Group. MedRisk’s founder, Shelley Boyce, along with CEO, Mike Ryan, and other members of MedRisk management, will retain a minority equity stake. The transaction is subject to customary regulatory conditions and is expected to close before the end of 2017. Financial terms were not disclosed.

TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA Associates invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world.

The Goodwin team was led by partner Michael Kendall and included partner Ed Amer and associate Duncan Enista.

For additional details on the transaction, please read the press release.