Curi Holdings, Inc. (Curi) and Constellation, Inc. (Constellation), two of the nation’s leading providers of medical professional liability (MPL) insurance, have signed an agreement to merge.
With more than $2 billion of consolidated assets and generating nearly $400 million in revenue, the merged company will serve more than 50,000 physicians, healthcare providers, and organizations across the U.S. The combination, with minimal geographic overlap between the two companies, positions the merged organization to continue meeting its member-owners wherever they are in their own evolutionary journey.
The merger of the two companies is expected to close in the second half of 2023, upon regulatory and member approvals. Following the merger, the insurance company subsidiaries of Curi and Constellation will continue to operate under the consolidated mutual holding company, such that the policies held by their insureds will remain in force.
Janney is serving as financial advisor to Constellation, Inc.
About Curi Holdings Inc.
Curi is a full-service advisory firm that serves physicians and medical practices. Equal parts fierce physician advocates, smart business leaders, and thoughtful partners, Curi’s advisory, capital, and insurance offerings deliver valued advice that is grounded in client priorities and elevated by their outcomes. From data-driven advisory services to private wealth offerings, to tailored insurance solutions and beyond, Curi delivers performance that is time-tested and trusted—in medicine, business, and life. Curi holds an “A” (Excellent) financial strength rating from AM Best.
About Constellation, Inc.
Constellation is a growing portfolio of MPL insurance and partner companies working Together for the common good®. Formed in response to the ever-changing realities of healthcare, Constellation is dedicated to reducing risk and supporting physicians and care teams, thereby improving business results. Constellation holds an “A” (Excellent) financial strength rating from AM Best.