For Immediate Release
Physicians Insurance announces the acquisition of SCRUBS Managers, LLC
New York, New York— August 1st, 2012 – Merger & Acquisition Services Inc. (M&A), a leading insurance intermediary and boutique investment bank, announced today that it successfully completed the sale of SCRUBS Managers, LLC was sold to Physicians Insurance A Mutual Company. “It is with great pleasure that I am able to announce the successful acquisition of our client SCRUBS Managers, LLC to Physicians Insurance,” said Christopher Hughes, Managing Director, M&A. “We are very happy to add the capabilities of a traditional market with those of the RRG model for SCRUBS, and think Physicians Insurance will be an excellent fit,” said Dr. Tobey Williams, CEO, Scrubs Managers, LLC. SCRUBS RRG is a medical liability insurance company formed by Urologists, and is the only Urologic specific medical professional liability insurance company in the United States. SCRUBS RRG is dedicated to assuring the long-term availability of coverage at stable and reasonable prices to the specialty Physicians Insurance A Mutual Company provides medical professional liability insurance coverage to more than 6,700 members in Washington, Idaho, and Oregon, in addition to risk-management consulting, continuing medical education, and claims administration services. The company, founded in 1981, has grown to be the largest insurer of physicians in Washington State and is rated A- (Excellent) by A.M. Best Company.
About Merger & Acquisition Services, Inc.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
To learn more about Merger & Acquisition Services, visit https://maservices.com.