Insurance broker and risk management firm Risk Strategies has acquired broker and consulting firm Dubraski & Associates Insurance Services.
Dubraski specialises in providing risk and insurance solutions to the healthcare industry, with nearly $120 million in revenues.
Risk Strategies will now have 500 employees and place well over $1 billon in premiums on behalf of its clients.
Risk Strategies said the addition of Dubraski & Associates represents a huge step forward in its strategic initiative to become the leading healthcare broker in the country.
Founder and chief executive officer (CEO), Robert Dubraski, his partner Riggs Stephenson and their respective teams, will remain with the firm. Bob Dubraski will continue as president/CEO of Dubraski & Associates, leading the combined national healthcare practice. He will become a member of Risk Strategies' senior leadership team.
Michael Christian, CEO and founder of Risk Strategies, said: “The combination with Dubraski & Associates raises our national healthcare practice to an entirely different level.
“Their knowledge and proficiency in managed care stop loss, employee benefits and property/casualty for healthcare organizations are unsurpassed. Dubraski & Associates brings added scale and expertise that will benefit all of our healthcare clients.”
Dubraski added: "Our mission is to be the leading insurance brokerage and consulting company specializing in the healthcare industry. Our collaborative culture, client focus, and consultative style parallels Risk Strategies' approach.
“Together, we will provide innovative solutions, offer enhanced services and resources, hire the best professionals and build for the future in healthcare.”
Risk Strategies, Mergers & Acquisitions, US, Dubraski & Associates Insurance Services