MIIX Appoints Fox-Pitt, Kelton as Financial Advisors
MIIX Group, Inc., New Jersey’s troubled medical professional liability insurance provider, announced that it has engaged Fox-Pitt, Kelton Inc. as its financial advisor “to explore strategic alternatives for the company.”
After reporting a $162.8 million loss in the 4th quarter (See IJ Website March 1), and having S&P lower the ratings on its Lawrenceville unit to ‘Bpi’ (See IJ Website March 15), MIIX is seeking solutions to its financial problems.
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