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.