ProAssurance Shareholders Approve Acquisition by The Doctors Company with Overwhelming Majority

ProAssurance stockholders have approved its acquisition by The Doctors Company, with over 99% of shares voted in favor. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions. ProAssurance will become a wholly-owned subsidiary of The Doctors Company, delivering significant value to shareholders and combining the strengths and capabilities of both companies to serve healthcare providers.

ProAssurance Corporation (NYSE: PRA) has received overwhelming approval from its stockholders for its proposed acquisition by The Doctors Company. With over 99% of shares voted in favor, including abstentions, the acquisition agreement was approved by a significant majority of ProAssurance's shareholders [1].

The transaction, which is expected to close in the first half of 2026, remains subject to regulatory approvals and customary closing conditions. These include the expiration or early termination of the waiting period applicable to the merger under the Hart-Scott-Rodino Act, as well as approvals by insurance regulators in the domicile states of ProAssurance's insurance subsidiaries [1].

Upon completion, ProAssurance's common stock will no longer be listed on the New York Stock Exchange, and ProAssurance will become a wholly-owned subsidiary of The Doctors Company. The acquisition aims to deliver significant value to shareholders and combine the strengths and capabilities of both companies to better serve healthcare providers [1].

Ned Rand, ProAssurance's President and Chief Executive Officer, stated, "Our shareholders recognize that this transaction will deliver significant value. Bringing the strengths and capabilities of ProAssurance and The Doctors Company together will allow our teams to continue to serve today’s healthcare providers with the necessary scale and breadth of capabilities" [1].

ProAssurance is an industry-leading specialty insurer with extensive expertise in medical professional liability and products liability for medical technology and life sciences. It also provides workers' compensation insurance in the eastern U.S. and is rated "A" (Excellent) by AM Best [1].

The acquisition is part of a broader trend in the healthcare industry, where companies are leveraging technology and strategic partnerships to enhance their capabilities and better serve healthcare providers and patients. This trend is also evident in the recent expansion of WELL Health, which has added over 45,000 new primary care patient openings across its national clinic network in Ontario, Alberta, and Manitoba [2].

References:
[1] https://www.stocktitan.net/news/PRA/pro-assurance-stockholders-approve-its-proposed-acquisition-by-the-egyjuauvurbb.html
[2] https://www.morningstar.com/news/business-wire/20250624051273/well-health-announces-availability-for-45000-new-primary-care-patients-across-3-provinces-enabled-by-investments-in-physician-recruitment-and-digital-transformation