30th of July 2010
20/01/2010
Two Nevada-domiciled healthcare-related risk retention groups (RRGs) managed by The Uni-Ter Group have merged in a deal approved in December by the boards of both companies.
Lewis & Clark LTC RRG has merged with Sophia Palmer Nurses RRG in a deal intended to extend professional liability coverage for nurses across the majority of US states.
Sophia Palmer Nurses RRG was established in 2006 to provide nurses in Florida with professional liability coverage.
Sanford Elsass, president of The Uni-Ter Group, said in a statement that the merger would extend this coverage to nurses in the 48 states covered by Lewis & Clark LTC RRG, a provider of liability insurance to long-term care facilities.
According to the statement, under the merger nurses will be permitted to keep their insurance when they move from state to state and nurses holding stock in Sophia Palmer will receive equivalent shares of Lewis & Clark.
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WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.
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