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Boston-based national insurance brokerage and risk management firm Risk Strategies Co. Inc. has acquired brokerage and consulting firm San Diego-based Dubraski & Associates Insurance Services L.L.C.
The terms of the deal were not disclosed.
In a statement Tuesday, Risk Strategies said the purchase is “a huge step forward” in its efforts “to become the leading health care broker in the country.”
Dubraski & Associates provides risk and insurance solutions to the health care industry, working with hospitals, physicians groups and accountable care organizations.
Founder and CEO, Robert Dubraski will stay on as president and CEO of Dubraski & Associates. He will join Risk Strategies’ senior leadership team, according to the statement.
Employees of Dubraski & Associates will become Risk Strategies employees under the co-branded name Dubraski & Associates Insurance Services, a Risk Strategies Co., a Risk Strategies spokeswoman said.
Risk Strategies Company will now have 500 employees, according to the statement.
“The combination with Dubraski & Associates raises our national health care practice to an entirely different level,” Risk Strategies CEO Michael Christian said in the statement. Dubraski & Associates brings added scale and expertise that will benefit all of our health care clients.”
USI Insurance Services L.L.C. has purchased the property/casualty construction and surety business of retail brokerage KORE Group Inc., which does business as Construction Agency Professionals.