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Magmutual To Acquire Mdadvantage Insurance Company

PRIVATEAug 15, 2022

Acquiring Company

MagMutual

Acquired Company

MDAdvantage

Health CareHealth CareMedical

Description

Two Leading MPL Insurers Founded by Healthcare Providers, for Healthcare Providers, to Join Forces

Quick answer

MagMutual is acquiring MDAdvantage, announced August 15, 2022.

How much did MagMutual pay for MDAdvantage?
The deal value was not disclosed.
What does MagMutual do?
For more than four decades, MagMutual has been a leading provider of medical professional liability insurance.

Source: Fundz verified event record.

Other recent acquisitions in Medical and Health Care

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

MagMutual

Location

|

About

For more than four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, we’re the largest mutual insurer of physicians and the second largest mutual medical professional liability provider in the U.S.(1) We deliver comprehensive coverage for the practice, business and regulation of medicine to more than 30,000 healthcare providers and organizations nationwide. Our focus on innovation allows us to provide customized advice, exceptional claims support and consistent financial benefits that result in improved outcomes and stronger policyholders. (1) Market position based on S&P Global Market Intelligence 2021 year-end financial filings. Dividends and Owners Circle allocations are declared at the discretion of the MagMutual Board of Directors and are subject to eligibility requirements.

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Frequently asked

Who acquired MDAdvantage?

MDAdvantage was acquired by MagMutual. The deal was reported on August 15, 2022. For more than four decades, MagMutual has been a leading provider of medical professional liability insurance. MagMutual is privately held and operates in Health Care.

When did MagMutual acquire MDAdvantage?

MagMutual's acquisition of MDAdvantage was reported on August 15, 2022. Two Leading MPL Insurers Founded by Healthcare Providers, for Healthcare Providers, to Join Forces Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MDAdvantage do?

MDAdvantage is a leading medical professional liability insurance company that is committed to supporting physician initiatives that increase patient safety, educate the healthcare community and invest in the future of the healthcare system. It is privately held, operating in Health Care.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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