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CNA Financial Corp. has launched a tool and related consulting services that are designed to help health care organizations assess new and potentially unfamiliar exposures resulting from merger and acquisition activity, CNA said in a Tuesday statement.
The tool was designed as a response the growing number of merger and acquisitions among health care providers, according to a CNA statement.
The self-assessment tool presents users with questions that health care organizations and providers can use to asses risks.
“Competitive pressures, health care reform and the cost of doing business are a few of the reasons that health care organizations decide to either merge with or acquire another organization or practice,” Joyce Benton, assistant vice president, health care risk control said in the statement. “CNA’s experience in collaborating with health care organizations and providers across the continuum of care and across the country affords us a comprehensive industry view to help our customers successfully navigate the post-merger integration process.”
CNA Financial Corp. reported Monday that its profit fell in the first quarter, due partly to an accounting charge, but its combined ratio in its property/casualty operations improved.