Business News: Rockford Systems, Genex, NORCAL
Rockford Systems LLC and The Master Lock Company announced a new joint initiative designed to accelerate the adoption of safety technologies throughout the North American manufacturing sector. The two industry-leading companies are teaming up to reduce workplace accidents, improve job efficiencies, and help ensure manufacturers are in compliance with the latest OSHA, ANSI and NFPA 79 machine-guarding and lockout/tagout standards.
Even with strict machine and operator safety regulations in place, unguarded hazardous machinery remains a major source of fatalities, amputations and other traumatic injuries in manufacturing plants. According to OSHA, nearly 18,000 machine operators suffer non-fatal injuries each year in the United States. Rockford Systems estimates more than half the manufacturers in the United States do not fully comply with critical requirements for machine safeguarding or lockout/tagout.
The Master Lock Company helps facilities create safer work environments and ensure lockout compliance through comprehensive consulting services. The partnership with Rockford Systems enables The Master Lock Company to broaden its services to include machine guarding assessments and physical safeguarding solutions, providing an end-to-end lockout and machine guarding solution for customers.
In its role, Rockford Systems will provide on-site custom safety consulting services using the Machine Safety Assessment Tool (MSAT), which was jointly developed by the two companies. Performed as a stand-alone service or in conjunction with other services, the MSAT assessment helps companies identify situations that place machine operators or maintenance personnel in serious, life-threatening danger because of the absence of machine safeguarding.
Genex Services, a l medical cost-containment and disability management service, announced its acquisition of PRIUM, an Atlanta-based provider of Comprehensive Chronic Pain Intervention programs and Utilization Review services, from Ameritox. Financial terms were not disclosed.
SunTrust Robinson Humphrey served as the exclusive strategic and financial advisor to Ameritox and PRIUM on the transaction.
NORCAL Mutual Insurance Company will begin offering medical professional liability insurance in Nebraska, beginning September 1.
NORCAL now covers 38 states, including the District of Columbia.
The insurer and its subsidiaries insure more than 27,000 physicians nationwide and offer continuing medical education learning opportunities to help safeguard policyholder practices.