Farella Braun Reps The Doctors Co. In $386M Deal

Law360, New York (July 8, 2010, 4:48 PM EDT) -- Medical liability insurer The Doctors Co. has reached a deal to acquire regional health care liability insurance provider American Physicians Capital Inc. for $386 million in an all-cash transaction.

Under the agreement announced Thursday, The Doctors Co. will purchase American Physicians Capital for $41.50 per share in cash, representing a premium of about 31 percent over the per-share closing price July 7, the last trading day before the deal was announced.

The Doctors Co. chairman and CEO Richard E. Anderson predicted Thursday that the two physician-founded...
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