Claims and risk management service provider, Avizent, has bought Louisiana-based rival FA Richard and Associates (FARA). Ohio-based Avizent, which is the marketing name of Frank Gates Service, also provides third-party administrator claims management services along with managed care products and alternative risk products, adds Business Insurance.
FARA provides risk management and claims administration products and services for insurance companies, self-insured corporations and government entities. The financial terms of the deal were not disclosed.
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