FPIC Insurance Group, Inc. to be Acquired by The Doctors Company for $42 per Share Totaling $362M

FPIC Insurance Group, Inc. FPIC and The Doctors Company today announced that they have entered into a definitive agreement pursuant to which The Doctors Company will acquire FPIC for $42.00 per share in cash, representing an aggregate purchase price of approximately $362 million. The $42.00 per share price represents a premium of approximately 31 percent over the $32.10 per share closing price of FPIC on May 23, 2011, the last trading day prior to today's announcement.