Napa medical malpractice insurance carrier buys competitor for $1.3 billion
The Doctors Company completed its $1.3 billion acquisition of ProAssurance, paying $25 per share in cash for all outstanding shares. The combined insurer will cover 200,000+ healthcare professionals and organizations with $12 billion in assets. ProAssurance (PRA) will be deregistered and delisted; it becomes a wholly owned subsidiary.
