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ExamWorks Enters the Canadian Independent Medical Review Market: Acquires SOMA Medical Assessments Inc.
July 1, 2010 - ExamWorks, Inc. announced today the acquisition of SOMA Medical Assessments, Inc. (SOMA) based in Thornhill, Ontario. The company, founded in 1999, has a full service portfolio of independent medical examination and review services. SOMA's portfolio of services includes: independent medical and functional ability examinations, medical file reviews including
multidisciplinary, vocational and psychovocational assessments and nerve conduction studies. The company and its eminent physician panel serve the insurance industry and legal professionals throughout all the Canadian provinces.
Dr. Troy Cumiskey, President of SOMA Medical Assessments Inc., said: "We are delighted about becoming part of the largest medical legal services company in the world and having the opportunity to contribute to the shape of the industry. One of the trends driving the growth of the independent medical examination business is the need to provide objective, analytical rigorous and concise reports in the face of increasingly complex medical claims. To that end, SOMA's expertise, especially in automotive-related claims, will add a substantial body of local and regional medical-legal knowledge to ExamWorks industry knowledgebase," added Dr. Cumiskey.
"We are thrilled to extend our presence beyond the U.S. market," said Wes Campbell, President of ExamWorks. Just as no two claims are alike, there are nuances that distinguish individual markets. In combination, we will be able to isolate where we can add value most quickly and sustainably and offer an increasing level of customization that IME services require. Overall service enhancements will be better articulated and implemented as a team."
ExamWorks, Inc. is the fastest growing independent medical examination company in the United States, offering a full line of independent medical examination and review services for disability, liability, no-fault and workers' compensation claims. ExamWorks is building an IME company that is focused on providing carriers with the national presence they need with the local service that have come to expect.
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