American software company
Mitchell International, Inc.
is an American company based in
San Diego, CA
, which develops software used by the automotive industry to manage collision and medical claims, parts and labor estimates, and glass replacement quotes.
[2]
Mitchell operates throughout the United States and Canada,
[3]
and processes more than 50 million transactions a year for more than 300 insurance companies, more than 30,000 collision repair facilities, independent adjusters, and other vehicle repair participants.
[3]
Business Units
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Mitchell's business units include Auto Physical Damage Division, Auto Casualty Solutions Division, Workers' Compensation Division, and NHQ Negotiation Services Division.
[3]
Company history
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Mitchell was founded in 1946 by Glenn Mitchell
[4]
when he created a parts catalog for collision repair estimating.
[3]
The company was once part of
Thomson Corporation
(now
Thomson Reuters
).
[3]
In 2000, Mitchell was acquired by private equity firm
Hellman & Friedman
, and then in 2007 was sold to Aurora Capital Group for approximately $500 million.
[3]
The company is also former subsidiary of MIH Parent Inc.
[5]
In 2013, the private equity firm
Kohlberg Kravis Roberts
bought Mitchell from Aurora Capital for $1.1 billion.
[3]
Stone Point Capital acquired Mitchell in 2018.
[6]
Acquisitions
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In February 2014, Mitchell announced plans to acquire FAIRPAY Solutions, a provider of workers' compensation, liability and billing review services.
[7]
In December 2014, Mitchell announced that it had signed an agreement to acquire Cogent Works, a provider of pharmacy network management services to the automobile casualty and workers' compensation markets.
[8]
In March 2012, Mitchell announced its acquisition of National Health Quest, a provider of out-of-network medical payment negotiations and services.
[9]
References
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