Propel Insurance (Flexpoint Ford portfolio) Acquires HealthCare Services (HCS) Insurance Partners
July 1, 2020
Propel Insurance, a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a boutique risk-management and insurance consulting firm based in Knoxville, Tennessee that specializes in senior living organizations. The acquisition expands Propel's senior living practice, strengthens its southeast presence (Knoxville and Charlotte hubs) and adds industry expertise to Propel's national platform; the combined agency will generate more than $120 million of annual revenue and operate seven U.S. offices.
- Buyers
- Propel Insurance, Flexpoint Ford
- Targets
- HealthCare Services (HCS) Insurance Partners
- Platforms
- Propel Insurance
- Industry
- Insurance
- Location
- Tennessee, United States
- Transaction Type
- Addon
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