Itasca, Ill.-based insurance brokerage Arthur J. Gallagher & Co. said it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Penn. Financial terms were not released.

Healthcare Risk Solutions, LLC is a property-casualty retail insurance broker providing professional liability insurance products, associated risk mitigation consulting services and specialized program management exclusively to the medical community in the mid-Atlantic and Northeastern United States, Gallagher said.

The brokerage said its new acquisition, which specializes in insurance products for all health care providers, was founded in 2002.

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