April 1, 2025 | Napa, CA — MedLegalNews.com – The Doctors Company Acquires ProAssurance Corporation (NYSE: PRA) in a $1.3 billion transaction, significantly strengthening its role in the medical liability insurance market.
Expanding Nationwide Healthcare Liability Coverage
Under the terms of this deal, ProAssurance stockholders will receive $25.00 per share in cash, representing a 60% premium over the March 18, 2025 closing price. Consequently, this acquisition will expand The Doctors Company’s total assets to approximately $12 billion, further reinforcing its ability to serve healthcare providers nationwide.
Enhancing Support for Medical Professionals
Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company, emphasized the strategic significance of this merger.
“We are committed to protecting and rewarding the practice of good medicine. By acquiring ProAssurance, we can extend our support to even more healthcare professionals across the country. Because healthcare operates as a team effort, we need a company with the scale, resources, and expertise to serve providers effectively. This acquisition allows us to achieve that goal,” Anderson explained.
Likewise, ProAssurance CEO Ned Rand highlighted the shared values and synergies between the two companies.
“Both organizations were founded by physicians in response to the medical liability crisis of the 1970s. Over time, we have successfully merged with other physician-led companies to enhance our services. Therefore, joining forces with The Doctors Company now allows us to scale up further and strengthen our ability to protect healthcare professionals,” Rand stated.
Regulatory Approvals and Closing Timeline
ProAssurance’s Board of Directors has unanimously approved the deal, recommending that shareholders vote in favor. However, the acquisition remains subject to regulatory approvals and shareholder consent. If all conditions are met, the transaction is expected to close in the first half of 2026. Once completed, ProAssurance will become a wholly owned subsidiary of The Doctors Company, and its common stock will be delisted from the NYSE. Doctors Company Acquires
Advisors Overseeing the Transaction
- The Doctors Company: Houlihan Lokey Capital, Inc. and Howden Capital Markets & Advisory serve as financial advisors, while Mayer Brown LLP provides legal counsel.
- ProAssurance Corporation: Goldman Sachs & Co. LLC acts as the financial advisor, with Simpson Thacher & Bartlett LLP and Willkie Farr & Gallagher LLP providing legal counsel.
Access official statements, press releases, and financial updates directly from The Doctors Company.
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FAQs: Doctors Company Acquires ProAssurance
What does it mean that Doctors Company acquires ProAssurance?
The announcement that Doctors Company acquires ProAssurance signifies a major consolidation in the medical liability insurance industry, increasing financial strength and expanding national coverage for healthcare providers.
How will the acquisition impact healthcare professionals?
Healthcare professionals insured by either company may benefit from enhanced claims support, broader policy options, and increased stability as Doctors Company acquires ProAssurance and integrates its services.
When is the Doctors Company and ProAssurance deal expected to close?
The acquisition is expected to close in the first half of 2026, following required regulatory and shareholder approvals, after which ProAssurance will become a wholly owned subsidiary of The Doctors Company.
Why is this merger significant for the medical liability market?
The deal positions The Doctors Company as one of the largest physician-owned insurers in the nation, improving its capacity to provide strong financial protection and resources for healthcare providers.