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.
William Carey, Edmund Lynch, the principals, and their 12 associates will continue to operate from their Fort Washington office, with satellite offices in Connecticut, Massachusetts and New Jersey. They will be under the direction of Douglas Brown, Northeast regional manager of Gallagher's property-casualty brokerage operations.
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