M&A Deal Summary

ProAssurance Acquires American Physicians Service Group

On November 30, 2010, ProAssurance acquired insurance company American Physicians Service Group for 228M USD

Acquisition Highlights
  • This is ProAssurance’s 1st transaction in the Insurance sector.
  • This is ProAssurance’s largest (disclosed) transaction.
  • This is ProAssurance’s 1st transaction in the United States.
  • This is ProAssurance’s 1st transaction in Texas.

M&A Deal Summary
Date 2010-11-30
Target American Physicians Service Group
Sector Insurance
Buyer(s) ProAssurance
Deal Type Add-on Acquisition
Deal Value 228M USD
Advisor(s) Macquarie (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

American Physicians Service Group

Austin, Texas, United States
American Physicians Service Group, Inc. is an insurance holding company with subsidiaries that provide medical professional liability insurance for physicians and other healthcare providers.

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Buyer(S) 1

Buyer

ProAssurance

Birmingham, Alabama, United States
Category Company
Founded 1976
Sector Insurance
Employees1,094
Revenue 1.1B USD (2023)
DESCRIPTION

ProAssurance is an insurance company with extensive expertise in medical professional liability, products liability for medical technology and life sciences and legal professional liability. ProAssurance was founded in 1976 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 1 of 5
Sector (Insurance) 1 of 5
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 1
Country (United States) 1 of 5
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Independent Nevada Doctors Insurance

Las Vegas, Nevada, United States

Independent Nevada Doctors Insurance Company provides medical professional liability insurance services for Nevada doctors.

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