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FPIC Insurance Group, Inc. of Jacksonville, a provider of medical professional liability insurance for physicians, dentists, and other health care providers, and The Doctors Company, the nation’s largest insurer of physician and surgeon medical professional liability, have entered into a definitive agreement in which The Doctors Company will acquire FPIC for $42.00 per share in cash, representing an aggregate purchase price of approximately $362 million. The $42.00 per share price represents a premium of approximately 31 percent over the $32.10 per share closing price of FPIC on May 23, 2011, the last trading day prior to the May 24 announcement.

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