M&A Deal Summary

NORCAL Group Acquires PPM Services

On January 3, 2017, NORCAL Group acquired insurance company PPM Services from Preferred Physicians Medical Risk Retention Group

Acquisition Highlights
  • This is NORCAL Group’s 3rd transaction in the Insurance sector.
  • This is NORCAL Group’s 3rd transaction in the United States.
  • This is NORCAL Group’s 1st transaction in Kansas.

M&A Deal Summary

Date 2017-01-03
Target PPM Services
Sector Insurance
Buyer(s) NORCAL Group
Sellers(s) Preferred Physicians Medical Risk Retention Group
Deal Type Divestiture
Advisor(s) Waller Helms Advisors (Financial)

Target

PPM Services

Shawnee Mission, Kansas, United States
PPM Services is a provider of anesthesia specific medical professional liability insurance carrier services.

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Buyer(S) 1

Buyer

NORCAL Group

San Francisco, California, United States

Category Company
Founded 1975
Sector Insurance
DESCRIPTION

NORCAL Group of companies provide medical professional liability insurance, risk management solutions and provider wellness resources to physicians, healthcare extenders, medical groups, hospitals, community clinics, and allied healthcare facilities throughout the country. NORCAL Group was founded in 1975 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 FD Insurance

Jacksonville, Florida, United States

FD Insurance Co. is a domiciled medical malpractice insurance provider for physicians and surgeons in Florida.

Buy -

Seller(S) 1

SELLER

Preferred Physicians Medical Risk Retention Group

Shawnee Mission, Kansas, United States

Category Company
Founded 1987
Sector Insurance
DESCRIPTION

Preferred Physicians Medical Risk Retention Group, Inc. is a specialty specific insurance company. Preferred Physicians Medical Risk Retention Group, Inc. was established in 1987 and is headquartered in Shawnee Mission, Kansas.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1