Acadia Professional, LLC (Acadia) one of the nation’s largest medical professional liability agencies, announced the acquisition of Toro Risk Consulting Group, LLC (Toro). Toro is a highly-specialized healthcare consulting firm that primarily works with emerging companies to support providers in value-based care programs.
“Traditional medical malpractice risk can no longer be viewed in a silo. Toro brings a deeper understanding of value-based care and new market access that allows us to better position our clients from a risk perspective,” said Scott Parker, President of Acadia.
“Toro is both a business and a cultural fit for Acadia,” said Henry Kane, Co-founder of Acadia. “The synergies position Acadia to deliver more expertise and resources to our clients who want to be ahead of value-based reimbursement programs,” continued Kane.
“We have long understood the need to align the risk providers take in value-based care programs with professional liability risk. With the acquisition of Toro, Acadia is now able to expand its portfolio to help clients leverage the transition to a value-based care system,” said Brian Kern, who was the Founder and Managing Member of Toro Risk, and is now a partner at Acadia.
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Effective immediately, Toro Risk Consulting Group will move its office to Acadia’s Headquarters in Morristown, NJ.
Date: October 07, 2019
Source: PR Newswire
