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News Breaks
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November 13, 2009
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| 11:13 EDT |  | FPIC |
| theflyonthewall.com: | FPIC Insurance acquires Advocate, MD and subsidiaries | | FPIC Insurance Group announced that its subsidiary, First Professionals Insurance Company, has completed the acquisition of all of the outstanding capital stock of Advocate, MD and its subsidiaries pursuant to their previously announced definitive agreement. FPIC paid total consideration of $33.6M at closing, and may pay up to $12M in additional consideration depending on the performance of Advocate, MD during the two-year period following closing. :theflyonthewall.com |
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