International specialty insurance company Ryan Specialty has announced that it has signed an agreement to acquire the assets of Texas-based Point6 Healthcare. The acquisition is slated to close in July.
Point6 is a distributor of medical stop-loss insurance, pharmacy solutions, and complex claims management for retail brokers and third-party administrators.
“Point6 and their talented team will provide foundational benefits capabilities to Ryan Specialty,” said Pat Ryan, founder, chairman and CEO of Ryan Specialty. “With this cornerstone competence and expertise, Ryan Specialty will make it possible for retail brokers and third-party administrators to access leading healthcare solutions on behalf of their clients.”
“Since our founding in 2018, point6 has been focused on developing innovative solutions to address rapidly escalating healthcare costs,” said Point6 CEO Jeff Miller. “We have seen great adoption of these solutions and now is the right time to expand our distribution strategy and solution innovation by partnering with Ryan Specialty. This is an incredible opportunity for the key stakeholders we serve and our employees.”
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“Point6 has built a solution set that is mission-critical for retail brokers and third-party administrators seeking to help their clients in bending the cost curve,” said John Zern, president and CEO of Ryan Specialty Benefits. “Point6 addresses fundamental pain points for self-funded employers – financial certainty, drug pricing, and complex claims. I am excited to work with Jeff Miller and the Point6 team as we seek to accelerate and extend Point6’s remarkable growth trajectory.”
Ryan Specialty recently announced the appointment of company veteran Michael Blackshear as head of diversity, equity and inclusion. Ryan Specialty company RT Specialty recently announced the launch of a new workers’ compensation program.
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