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Mitchell to Acquire Jordan Reses

SAN DIEGO, CA--(Marketwired - Jan 6, 2016) - Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, today announced that it has acquired the assets of Jordan Reses, an industry-leading provider of pharmacy benefit management (PBM) services to the automobile casualty and workers compensation markets. This builds on Mitchell's full end-to-end pharmacy solution offered to insurers, third party administrators, self-insured entities, and state funds.

With over 30 years of prescription management experience, Jordan Reses provides significant and measurable cost savings while providing patients with exceptional personalized service and the convenience of a national retail pharmacy network. With a longstanding history of providing valuable PBM services to a broad range of customers in both the workers compensation and auto industries, Mitchell is excited to continue the legacy of service to these customers.

"At Mitchell we are always looking for ways to deliver more value to our clients and to continue to expand our presence within the industry. The acquisition of the Jordan Reses business helps us to do just that," said Alex Sun, President and CEO of Mitchell. "Together, Mitchell and Jordan Reses will provide customers an even better customer experience, leveraging Jordan Reses longstanding commitment to delivering valuable pharmacy solutions and Mitchell's expertise in technology and integrated casualty network solutions."

"Both Mitchell and Jordan Reses are committed to providing our customers with exceptional solutions that alleviate their pharmacy claims management challenges," said Rick Sitnick, CEO of Jordan Reses. "Given the growing challenge that pharmacy costs present to claims cost management, we believe that together we can maximize benefits and improve the outcomes for our customers."

In early 2015, Mitchell acquired the assets of Cogent Works, the leading provider of revenue cycle management services to pharmacies offered under the brands AutoRx and CompToday, and pharmacy benefit management services now offered under the brand ScriptAdvisor to payers in the automobile and workers compensation markets. Jordan Reses will be merged with Mitchell's pharmacy solutions division.

About Mitchell
Mitchell International, Inc. is uniquely positioned to simplify, enhance and accelerate claims handling processes across the P&C industry through deep workflow solutions that include unparalleled access to data, advanced analytics and decision support tools. Our expert workflow and adjusting solutions advance the claims management process by enabling automotive physical damage, bodily injury and workers' compensation clients to process claims more accurately, consistently, and cost-effectively.

Mitchell International's solutions provide an expert level of decision support and connectivity within the claims organization and with industry partners to achieve optimal outcomes. Mitchell's comprehensive solution portfolio and robust SaaS infrastructure enables tens of millions of electronic transactions to be processed each month for over 300 insurance companies, including the majority of the top 25 insurance carriers, and over 30,000 collision repair facilities. With an expanding global footprint, Mitchell products are currently utilized in the Americas, Europe and Asia. Mitchell is headquartered in San Diego, California, and has 2,000 employees. For more information, please visit www.mitchell.com.