Thompson Street Capital Partners (TCSP), a private equity firm based in St. Louis, announced today the formation of Complex Claims Recovery, a newly independent insurance claims management platform spun out from its health plan subrogation portfolio company Intellivo. The separation establishes two focused platforms positioned for continued growth and innovation within the broader provider and payer markets.

Complex Claims Recovery will build upon its strong specialization in recovering Motor Vehicle Accident (MVA), Workers’ Compensation, and other complex claims to maximize recovered revenue for providers. As an independent business, Complex Claims Recovery will have dedicated leadership, resources, and strategic focus to expand its solutions and partnerships.

“This strategic move enables both organizations to focus on what they do best,” said JC Wetzel, Managing Director at TSCP. “By establishing Complex Claims Recovery as an independent platform, we’re empowering its leadership team to pursue new opportunities, drive innovation, and accelerate growth across its markets.”

Intellivo will continue to operate as a leader in subrogation services, maintaining its commitment to innovation, excellence, and delivering value to health plans, payers, and TPAs. The separation allows both companies to pursue distinct strategies, align investments with their core strengths, and enhance long-term value creation.

“Operating as an independent company allows us to sharpen our focus and better serve our clients,” said Jesse Klein, Managing Director at TSCP.

Thompson Street Capital Partners will continue to support both companies as they execute their strategic plans, invest in technology and talent, and deliver leading solutions across their respective markets.

About Thompson Street Capital Partners

Thompson Street Capital Partners (tscp.com) is a middle-market private equity firm that helps transform already exceptional businesses into market leaders. Based in St. Louis, Missouri, TSCP invests globally in the life sciences and healthcare, software and technology, business and consumer services and products sectors. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions.

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