ProAssurance

ProAssurance Corporation is a holding company that specializes in property and casualty insurance, primarily focusing on professional liability insurance in the United States. Founded in 1976, the company operates several wholly-owned subsidiaries located in Alabama, Illinois, Michigan, Nevada, and Vermont. These subsidiaries provide various insurance products, including professional liability coverage for healthcare professionals and facilities, as well as for attorneys, in addition to offering workers' compensation insurance. ProAssurance categorizes its operations into five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. The majority of the company's revenue is derived from its Specialty Property and Casualty segment, with Workers' Compensation contributing as a significant secondary source of income.

Robert Francis

President

Edward Rand Jr.

CEO, President and Board Member

10 past transactions

Caresyntax

Series C in 2024
Caresyntax Inc. is a Boston-based company that provides a digital surgery platform to enhance surgical performance in hospitals and ambulatory surgical centers. Founded in 1991, it leverages data from over 1,600 hospitals globally to deliver insights that improve patient outcomes and operational efficiency. The platform integrates various data sources, including video, audio, clinical, and operational data, enabling real-time analysis and decision-making during surgeries. Caresyntax offers solutions such as qvident, a performance management software, and PRIME365, a comprehensive integration platform that consolidates surgical data and content. With a focus on automating workflows and reducing surgical variability, Caresyntax supports over 4,000 operating rooms and has facilitated millions of surgical procedures worldwide. The company’s HIPAA-compliant software can be deployed on-premise, in the cloud, or in a hybrid format, making it adaptable to diverse healthcare environments.

Sure Med Compliance

Seed Round in 2022
Sure Med Compliance is a company that offers digital health solutions aimed at enhancing healthcare insights and improving patient outcomes. By providing clinical insights and electronically reported patient outcomes, the company focuses on creating safer prescribing practices for controlled substances. Its platform is designed to support healthcare professionals in managing pain, dependence, and addiction while minimizing legal risks associated with prescribing. This approach not only aids in better decision-making for physicians but also helps mitigate risks for patients, contributing to safer healthcare environments in pain management settings.

Caresyntax

Series C in 2021
Caresyntax Inc. is a Boston-based company that provides a digital surgery platform to enhance surgical performance in hospitals and ambulatory surgical centers. Founded in 1991, it leverages data from over 1,600 hospitals globally to deliver insights that improve patient outcomes and operational efficiency. The platform integrates various data sources, including video, audio, clinical, and operational data, enabling real-time analysis and decision-making during surgeries. Caresyntax offers solutions such as qvident, a performance management software, and PRIME365, a comprehensive integration platform that consolidates surgical data and content. With a focus on automating workflows and reducing surgical variability, Caresyntax supports over 4,000 operating rooms and has facilitated millions of surgical procedures worldwide. The company’s HIPAA-compliant software can be deployed on-premise, in the cloud, or in a hybrid format, making it adaptable to diverse healthcare environments.

Eastern Insurance Holdings

Acquisition in 2013
Eastern Insurance Holdings, Inc. is a publicly-traded holding company (Nasdaq: EIHI) that through its operating subsidiaries is a specialty underwriter of niche products for commercial markets, with workers' compensation as our principal focus.

IND - Independent Nevada Doctors

Acquisition in 2012
IND - Independent Nevada Doctors is the writer of Medical Professional Liability ("MPL") insurance in the state of Nevada.

Medmarc Insurance Group

Acquisition in 2012
Medmarc Insurance Group specializes in providing insurance services tailored to the unique product liability risks encountered by medical technology and life sciences companies. The company is dedicated to supporting the development, testing, and delivery of products that enhance and save lives by ensuring the availability and affordability of liability insurance. Medmarc offers a comprehensive range of services, including property and casualty insurance, loss control, underwriting, reinsurance, risk management, and claims management. By focusing on these critical areas, Medmarc aims to safeguard the interests of its clients in the medical and life sciences sectors, helping them navigate the complexities of product liability.

American Physicians Service Group

Acquisition in 2010
American Physicians Service Group provides medical professional liability insurance and related services.

Podiatry Insurance Company of America

Acquisition in 2009
Podiatry Insurance Company of America is the nation's provider of medical professional liability insurance.

NCRIC Group

Acquisition in 2005
NCRIC Group is a holding company which owns NCRIC, Inc., a medical professional liability insurance company, and NCRIC MSO, Inc., a physician practice management and financial services company. NCRIC, Inc.'s and NCRIC MSO's principal operations are in the District of Columbia, Maryland and Virginia.
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