Ryan Specialty Discloses Two Buyouts, Boosts Medical Stop-Loss Insurance Portfolio

Ryan Specialty Holdings Inc RYAN announced two acquisition agreements today, both for undisclosed terms.
The first is a deal to acquire ACE Benefit Partners, Inc., a medical stop loss general agent.
"The ACE team has proven to be true experts in the field of medical stop loss insurance, a foundational benefits solution with ever increasing relevance as employers seek the twin goals of flexibility and cost efficiency," said Pat Ryan, Founder, Chairman & CEO of Ryan Specialty.
The second is an agreement to buy Point6 Healthcare, LLC, a distributor of medical stop-loss insurance, pharmacy solutions, and complex claims management.
"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". 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," said John Zern, President & CEO of Ryan Specialty Benefits.
Both acquisitions are projected to close in July 2023.
As of March 31, 2023, Ryan had cash and equivalents of $704.7 million.
Last month, the company disclosed a contract to acquire Socius Insurance Services for unrevealed terms.
Also Read: Around $467M Bet On Occidental Petroleum? Check Out These 3 Stocks Insiders Are Buying
Price Action: RYAN shares are trading lower by 0.11% at $41.81 on the last check Tuesday.