The Doctors Company (TDC) has officially completed its acquisition of ProAssurance Corporation, creating one of the largest organizations in the healthcare/medical professional liability (HPL/MPL) insurance market.
The transaction, which closed on June 26, 2026, follows more than a year of shareholder and regulatory approvals. Under the terms of the agreement, The Doctors Company acquired all outstanding ProAssurance shares for $25.00 per share in cash, valuing the transaction at approximately $1.3 billion. ProAssurance's stock has now been delisted from the New York Stock Exchange and deregistered with the Securities and Exchange Commission.
The combined organization now serves more than 200,000 healthcare professionals and organizations nationwide, with approximately $12 billion in assets, further strengthening The Doctors Company's position as the nation's largest physician-owned medical malpractice (med mal/medmal) insurer.
Initially announced in March 2025, the acquisition received shareholder approval in June 2025 before progressing through a series of state insurance regulatory reviews. California was the final state to approve the transaction, allowing the acquisition to close in late June 2026.
According to The Doctors Company, ProAssurance will continue operating as a wholly owned subsidiary while leadership evaluates the optimal long-term operating structure for the combined organization.
For retail insurance agents, the acquisition represents continued consolidation within the HPL marketplace. This move brings together two long-established specialty insurers with significant expertise across healthcare/medical professional liability, healthcare organizations, medical technology products liability, life sciences, and workers' compensation.
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