M&A Deal Summary

Doctors First Acquires MGIS Property & Casualty Insurance Services

On June 19, 2012, Doctors First acquired insurance company MGIS Property & Casualty Insurance Services from The MGIS Companies

Acquisition Highlights
  • This is Doctors First’s 1st transaction in the Insurance sector.
  • This is Doctors First’s 1st transaction in the United States.
  • This is Doctors First’s 1st transaction in Utah.

M&A Deal Summary
Date 2012-06-19
Target MGIS Property & Casualty Insurance Services
Sector Insurance
Buyer(s) Doctors First
Sellers(s) The MGIS Companies
Deal Type Divestiture

Target

MGIS Property & Casualty Insurance Services

Salt Lake City, Utah, United States
MGIS Property & Casualty Insurance Services specializes in the placement and administration of individual and group insurance coverage for medical groups. MGIS P&C specializes in placing property & casualty insurance, primarily professional liability, for medical groups, managed care organizations and sole practitioners.

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Buyer(S) 1

Buyer

Doctors First

Jeannette, Pennsylvania, United States
Category Company
Founded 2004
Sector Insurance
DESCRIPTION

Doctors First is an insurance and related services firm catering to physicians. Company specialize in meeting special needs as a medical practitioner in today’s ever changing environment.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

The MGIS Companies

Salt Lake City, Utah, United States
Category Company
Founded 1969
Sector Insurance
DESCRIPTION

The MGIS Companies, Inc. is a national insurance program manager with deep experience and expertise in building, managing and servicing specialized programs for medical professionals. Company partner exclusively with A+ rated insurance carriers whose financial strength can provide maximum safety and stability for clients.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 The MGIS CDH Service

United States

The MGIS CDH service offering includes Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA), Health Savings Account (HSA), and COBRA services.

Sell -
Mergr

Product

Company

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