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Broadspire Announces Recovery Services Agreement
With Subrogation Partners
Plantation, Fla. (February 22, 2006) - Broadspire, a Platinum Equity company and a leading
provider of casualty and disability claims management to companies in North America,
has finalized a multi-year recovery services agreement with Subrogation Partners for that
company to provide subrogation services to Broadspire clients.
“We continuously provide our clients with superior services and this is part of our efforts
to add value for them,” Dennis Replogle, president and chief executive officer of Broadspire,
said. “We selected Subrogation Partners because they have demonstrated the ability to lead the
subrogation industry over the past several years through their technology-driven solutions.”
Scott Conant, the chief executive of Subrogation Partners, applauded Broadspire’s attention and
focus to the subrogation area. “This is often overlooked and underserved by other TPAs. We look
forward to utilizing our experience to enhance the recovery returns for Broadspire and their
clients.”
Included as part of Subrogation Partners’ offering is a $100 million capital fund for
purchasing portfolios of subrogation claims. This provides clients the option of immediately
monetizing claims. This program creates liquidity for claims that have already perfected or
those that will be future occurrences.
Broadspire (www.choosebroadspire.com), a Platinum Equity company, offers the broadest array
of absence management services in the industry. Those services include workers' compensation,
auto liability, general liability and short- and long-term disability claim management services;
Family Medical Leave Act administration; total disability management programs; field care and
medical management services; and risk and safety consulting. Broadspire, based in Plantation,
Fla., with 2,800 employees throughout the United States, creates customized solutions designed
to increase employee productivity and contain costs.
Subrogation Partners, (www.subropartners.com), is a leading independent provider of
subrogation recovery outsource solutions for insurance enterprises, state agencies and
corporate entities throughout the United States. Subrogation Partners' Total Outsourcing
Solution programs incorporate multiple product lines and practice areas, including forensic
review of closed files; administering referrals and file overflow projects; matters relating
to arbitration / cross-claim and litigation; and a proprietary capital product designed to
meet the needs of carriers that seek the immediate benefits of outright selling entire
portfolios of subrogation claims.
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For more information, contact:
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