|[February 04, 2013]
The Doctors Company and Utah Medical Insurance Association Terminate Acquisition
NAPA, Calif. --(Business Wire)--
The Doctors Company announced today that its agreement on October 29,
2012, to acquire Utah Medical Insurance Association (UMIA) has been
"While I am disappointed that UMIA will not be joining The Doctors
Company, the board of UMIA has chosen to move forward with an alternate
arrangement that I do not believe is in the best interests of our
members or UMIA policyholders, and we have chosen not to pursue it. We
wish them luck in the future," said Richard E. Anderson, MD, FACP,
chairman and CEO of The Doctors Company.
He added: "We remain committed to our mission to advance, protect, and
reward the practice of good medicine and, in that regard, we will
continue to invite physicians from Idaho, Utah, Wyoming, and Montana to
join our 73,000 members, where they will receive The Doctors Company's
aggressive claims defense, unmatched legislative and patient safety
advocacy, outstanding service, and industry-leading benefits, including
our Triute® Plan."
About The Doctors Company
Founded by doctors for doctors in 1976, The Doctors Company (www.thedoctors.com)
is relentlessly committed to advancing, protecting, and rewarding the
practice of good medicine. The Doctors Company is the nation's largest
medical malpractice insurer, with 73,000 members and $4 billion in
assets, and is rated A by A.M. Best Company and Fitch Ratings.
Follow The Doctors Company on Twitter
at @doctorscompany for industry trends, subscribe to its YouTube
site to hear from industry experts, connect with The Doctors Company on LinkedIn
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