Mitchell International, Fair Isaac Corp. Note Deal

Mitchell International Inc., a provider of information, workflow, and performance management solutions to the property and casualty claims and collision repair industries, has entered into an agreement to acquire the workers' compensation medical cost containment business of Fair Isaac Corporation. Fair Isaac has been a leader in the market in medical cost containment technology and services to the workers' comp industry through this strategic business unit by providing a comprehensive suite of medical bill review solutions including its flagship technology solution Smart Advisor(TM) and its extensive portfolio of outsource and medical professional review offerings. Through product offerings such as its Decision Point(TM) medical bill review and ClaimIQ(TM) decision support solutions, Mitchell Medical, the company's casualty solutions division, currently offers a broad set of cost containment technology and service solutions to the auto casualty claims market.