Business Moves: The Doctors Co. Completes Buy of ProAssurance

The Doctors Company said on June 26 that it completed the acquisition of ProAssurance Corporation for $25 per share in cash—a total value of about $1.3 billion.

ProAssurance is a specialty insurer in medical liability, products liability for medical technology and life sciences companies, and workers’ compensation insurance. The Doctors Co. is a physician-owned medical malpractice insurer.

The combined company will protect more than 200,000 healthcare professionals and organizations nationwide with assets of $12 billion. ProAssurance’s common stock will no longer be listed on the New York Stock Exchange, and ProAssurance will become a wholly owned subsidiary of The Doctors Co.

“We are building the most trusted and capable medical professional liability and specialty lines insurer in America,” said Richard E. Anderson, chairman and CEO of The Doctors Company and TDC Group. “This partnership brings together two mission-driven organizations that share a deep commitment to advocacy, exceptional service, and long-term stability in a complex healthcare landscape.”

The deal was announced in March 2025.