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28 Mar, 2022
By Katherine Dela Cruz
Constellation Inc. has agreed to acquire the business, assets and liabilities of Michigan Professional Insurance Exchange, pending regulatory and subscriber approval.
Acquiring the medical professional liability insurer would help Constellation expand in the Michigan and Ohio markets, the company said. The transaction would also give Michigan Professional Insurance Exchange's subscribers access to Constellation's product and service offerings.
The companies' boards of directors have approved the deal, which is targeted to close mid-2022.