(BRK.A), (BRK.B)
Berkshire Hathaway International Insurance Limited (BHIIL) and MedPro Group Inc. (MedPro) have announced the addition of Premium Medical Protection Ltd. (PMP) to the Berkshire Hathaway group of healthcare liability companies.
BHIIL, MedPro and PMP have been working together since 2014 to deliver industry-leading contractual medical indemnity insurance and patient safety & risk management solutions to UK private practice consultants and surgeons. Subject to regulatory approvals, this transaction is expected to close by year-end.
“PMP was created nearly a decade ago to provide UK consultants and surgeons with the best contractual medical indemnity insurance and patient safety solutions available,” said Juliet Bentley, PMP’s founder & CEO. “Our combination of top customer service, winning defence and leading contractual insurance protections have resulted in delighted customers and sustained PMP growth. Joining BHIIL/MedPro Group in the Berkshire Hathaway group of companies offering healthcare liability solutions continues our mission and allows us to further expand our capabilities and services to even more healthcare providers throughout the UK.”
With offices in Leamington Spa, Glasgow and London, PMP and its BHIIL/MedPro partners serve nearly 2000 private practice consultants and surgeons throughout the UK. Ms. Bentley will remain as president, and its employees and operations will continue as is, and PMP and BHIIL/MedPro will work together to ensure all customers continue to receive the best service and solutions.
“We are delighted to be able to work even more closely with PMP, and – with this acquisition – further highlight and strengthen the Group’s commitment to the UK medical malpractice market,” commented BHIIL/MedPro International Vice President John Bartlett. “The Group will be a great home for PMP and its dedicated employees.”
MedPro Group CEO Tim Kenesey added: “For over a century, MedPro has been the leading defender of the reputations and assets of USA healthcare providers. The collaboration with our BHIIL affiliate and others has resulted in new and improved insurance options for Europe’s healthcare providers. With PMP joining BHIIL/MedPro, we expect to grow our over $US 90 million international business and – most importantly – continue to expand our offerings and solutions to more healthcare providers.”
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.