SOBC DARAG has acquired Innovative Physicians Solutions RRG (IPS) in full, effective July 1, 2019, after receiving approval from the Vermont Department of Financial Services for the transaction.
Mark Tabler, the current chief operating officer of IPS, will transfer to SOBC DARAG after the sale to help with the transition.
Stephanie Mocatta, CEO of SOBC DARAG, said in a company press release that this is SOBC DARAG’s second acquisition in Vermont of a risk retention group in recent months and fourth overall.
SOBC DARAG Holdings is ultimately owned by DARAG Group investors. SOBC DARAG Holdings, a direct subsidiary of DARAG UK, is the principal vehicle for future US, Bermudian and Caribbean growth and acquisitions.
Source: SOBC DARAG
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Texans Hate Data Centers So Much They Are Asking Jesus for Help 
