The Doctors Company’s $1.3 billion acquisition of ProAssurance signals growing consolidation in the medical malpractice insurance market amid rising healthcare costs and increased mergers among physician groups. The deal, offering ProAssurance shareholders a 60% premium, will expand The Doctors Company’s national scale and solidify its position as a leading physician-owned liability insurer. With more doctors working for hospitals and large groups—who provide malpractice coverage—this move reflects the need for insurers to evolve and scale to meet the demands of a rapidly consolidating healthcare landscape.
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