Carisk® Partners: Elevating Workers' Compensation with Lee Equity and Elements Health Investors

Carisk Partners, a pioneer in specialty risk transfer and care coordination, has recently completed a recapitalization led by Lee Equity Partners and Elements Health Investors. This strategic move marks a significant milestone in Carisk’s journey, enabling the company to expand its reach and invest in top-quality products and services that will benefit clients and beneficiaries in the workers' compensation claims value chain.

With its foundation rooted in Behavioral Health and deep clinical expertise, Carisk Partners is a leader in the workers' compensation marketplace. The company specializes in managing complex catastrophic cases in a cost-effective manner through true value-based contracting. Carisk's unique clinical model takes a holistic approach, addressing not only the individual's medical needs but also social determinants of health and health equity—an approach that consistently delivers superior outcomes.

The partnership with Lee Equity and Elements Health Investors brings valuable healthcare investment experience and a deep understanding of the clinical program landscape. Joseph Berardo, Jr., Carisk's CEO, expresses his enthusiasm for the collaboration, stating, "Carisk is only scratching the surface of the number of injured workers and their families who we could be helping through our industry-leading care coordination solutions." The increased access to capital presents an incredible opportunity for the company to accelerate investments and further its mission.

Lee Equity Partners, known for its successful partnerships with management teams in building market-leading businesses, is confident that its resources and relationships will contribute to Carisk's continued success. Christian Chauvet, Partner with Lee Equity, comments, "We are excited to support Joe and his team for the next phase of Carisk's innovation."

Elements Health Investors also shares the same excitement and belief in Carisk's transformative approach to supporting injured workers in their recovery. Curtis Lane, Executive Chair, adds, "There is a significant opportunity to improve the clinical approach to workers' compensation injuries, and Carisk is leading this transformation."

The successful journey of Carisk Partners has been closely observed by MBF Healthcare Partners, which has been supporting the company's growth. Jorge Rico, Managing Partner of MBF Healthcare Partners, expresses gratitude for the partnership, saying, "We are very thankful and fortunate for the opportunity to have partnered with Joe and his team and wish them all the best as they continue doing great work."

Carisk's commitment to excellence extends beyond its core services. As proof of this, the company has engaged reputable firms to assist in this recapitalization. Houlihan Lokey served as the exclusive financial advisor to Carisk, while Akerman and Ropes & Gray provided legal counsel. These collaborations further reinforce Carisk's dedication to ensuring the success of this significant endeavor.

Carisk Partners is a specialty risk transfer and care coordination company operating in the workers' compensation market. Through their transformative approach, they have redefined how patients and clients access high-quality care and support services. Carisk's commitment to seamless experiences across all products and services, combined with their proprietary Pathways™ 2 Recovery care model, continues to revolutionize the workers' compensation marketplace. For more information about Carisk Partners and their innovative solutions, please visit [www.cariskpartners.com](https://www.cariskpartners.com).

Lee Equity Partners is a New York-based private equity firm specializing in partnering with successful management teams to build companies with strong growth potential. With a focus on equity investments in middle-market control buyouts and growth capital financings, Lee Equity invests primarily in financial services, healthcare services, and business services sectors. To learn more about Lee Equity Partners and their investment approach, please visit [www.leeequity.com](https://www.leeequity.com).

Elements Health Investors partners with healthcare services companies that share their goals of improving the quality of care delivery for patients while lowering costs to the system. They invest in companies that address shared themes of interest, are experiencing rapid growth, and can benefit from their partnership. To find out more about Elements Health Investors and their investment strategies, please visit [www.elementshealthinvestors.com](http://www.elementshealthinvestors.com).

MBF Healthcare Partners II, L.P., based in Coral Gables, Florida, is a leading middle-market healthcare private equity fund. Their strategy centers around partnering with exceptional management teams to rapidly accelerate value creation. The firm's principals have vast operating experience in healthcare and have held senior management positions in both private and publicly traded healthcare companies. For more information about MBF Healthcare Partners, please visit [www.mbfhp.com](https://www.mbfhp.com).