MedRisk acquires document management company

MedRisk LLC, a King of Prussia, Pennsylvania-based workers compensation managed care organization, announced Tuesday that it has acquired Irvine, California-based Medata Inc., a cost containment and document management company.

Financial terms of the acquisition weren’t disclosed.

Medata is known to provide the most comprehensive cost containment and document management solutions in the comp and auto liability sectors, according to MedRisk.

In a statement, Medata President Tom Herndon said the merger would allow the company to “leverage our collective resources to continue delivering exceptional products and services to our customers.”