Crawford(CRD_A) - 2023 Q4 - Annual Report

On November 1, 2020, we acquired 100% of HBA Group in Australia. The HBA Group is a legal services provider that complements our TPA business in Australia. The purchase price included an initial cash payment of $4.0 million, net of working capital adjustment, and a maximum $3.2 million payable over the next four years based on achieving certain revenue and EBITDA performance goals as set forth in the purchase agreement. The financial results of certain of the Company's international subsidiaries, including ...