Odyssey Investment Partners has completed the sale of its portfolio company One Call Care Management to funds advised by Apax Partners.
Financial terms of the transaction have not been disclosed.
Based in Jacksonville, Florida, One Call is a provider of specialised cost containment services to the workers' compensation industry.
In December 2009, Odyssey acquired One Call Medical which was merged with MSC Care Management in August 2012 to form One Call Care Management. Over the last four years, the company has grown both organically and through acquisitions.
"We set out to undertake a business transformation with One Call by expanding the service offering and building a scalable, high growth enterprise focused on delivering value for clients," says Jeffrey McKibben, a managing principal at Odyssey. "We are extremely proud to have been a part of this chapter for the company and wish CEO Joe Delaney and the entire One Call team continued success under their new ownership."
"I'd like to thank the Odyssey team for their efforts in supporting our growth," says Delaney. "We have had a great partnership with Odyssey and look forward to working with Apax as we strive to provide superior outcomes to our clients."
Jefferies served as the financial advisor and Latham & Watkins served as legal advisor to One Call Care Management in connection with this transaction.