DOXA INSURANCE | October 07, 2021
AGIA, Inc. and its sister company Worldwide Rescue and Security, Inc. (collectively AGIA) are pleased to announce their respective acquisitions by DOXA Insurance Holdings, LLC (DOXA). AGIA will continue operations under the leadership of CEO Chris Burke and team and will retain the AGIA and Worldwide Rescue and Security names.
AGIA is one of the industry's few remaining affinity focused program managers of its size, scale, and brand value. For more than 65 years, the company has maintained a national reputation for delivering creative and effective affinity products, marketing excellence, and providing a superior level of service to its marquee client roster, which includes some of the largest and most iconic associations, affinity groups, and organizations in the country.
Our senior leadership, board of directors, and ownership considered a variety of strategic plans to power AGIA's continued growth and ultimately decided that it was time to make AGIA a part of something bigger, with more growth opportunities and an investment appetite that would also include funding targeted acquisitions,Taken together, DOXA's mission, vision, and corporate cultures were a perfect fit for us.
- Chris Burke, President and CEO of AGIA.
DOXA is a privately held company whose mission is to build a diversified underwriting and distribution platform that delivers value for clients, customers, carriers, and investors via thoughtful acquisitions and organic growth. AGIA represents for DOXA an entry point of scale, highly specialized expertise, and intellectual capital in the affinity space; it will become the platform upon which DOXA will build its business and growth in the affinity and program management sector.
I'm excited to welcome AGIA to the DOXA family of companies, We share a vision to become the choice builder and provider of highly specialized niche programs and products; and we look forward to helping AGIA achieve the next-level growth they so strongly desire.
- Matt Sackett, DOXA's CEO.
Dowling Hales, LLC advised AGIA, Inc.; the terms of the transaction were not disclosed.
ABOUT DOXA INSURANCE:
DOXA INSURANCE HOLDINGS is a Midwest-domiciled holding company that acquires specialty niche-focused insurance distribution companies such as Managing General Agencies, Wholesale Brokers, and Program Administrators. DOXA focuses on assisting proprietors through a strategic, reengineered approach to succession planning and organizational sustainability. DOXA's founders are experienced insurance executives with credentials in the niche and specialty insurance market.
For more than 65 years, AGIA has served as the insurance and member benefits marketing and administration partner to some of the largest and most iconic associations and organizations in the country. Working closely with discipline, science, and creativity, we craft affinity benefit programs that help members protect what they value most.
First Light Recovery | April 12, 2022
First Light Recovery reported new in-network agreements with seven esteem insurance companies, namely Kaiser Permanente, Anthem BlueCross, HMC Healthworks, Magellan, Multiplan, First Health, and United Healthcare.
The mental health provider, First Light, hopes that this update will make other mental health services more available to people in the area. When a provider is in-network with an insurance company, individuals with those policies may benefit from several services, such as:
Reduced out-of-pocket costs, as insurance companies try to cover more significant percentages of the expenses for in-network providers
Potentially more accessible admission, as in-network providers may not necessitate the similar referral and pre-auth processes as out-of-network providers
Improved service agreement standards, as most in-network providers are essential to meet specific service levels to remain in-network
We are proud to announce that we are now in-network with seven carriers, with our latest one being United Healthcare. It gives us a better opportunity to help more people, and that's exactly what we are here for."
Neal H Patel, CEO of First Light Recovery.
First Light Recovery provides various treatment options for mental health disorders and strugglers. Its residential treatment programs are accessible to people aged 18 to 59 diagnosed with FLR's treatment parameters. The programs comprise 24-hour support and a robust structure of needs for individuals’ care, round-the-clock nursing or clinical supervision.
At First Light, mental health disorders include schizoaffective disorder, schizophrenia, anxiety, depression, panic attacks, social anxiety, bipolar disorder, impulse-control disorder, posttraumatic stress disorder, obsessive-compulsive disorder, ADD/ADHD, and personality disorders are treated the best. Two-to-one staff-to-client ratios and a low-stimulation environment provide clients with utmost comfort, the ability to heal faster and ways to cope and manage their disorders.
Treatment programs also include education to help patients learn or relearn daily living skills regarding a mental health disorder. Skills mostly made to understand for them include budgeting, planning each day, nutrition, and personal hygiene.
First Light Recovery is credited by the Commission on Accreditation of Rehabilitation Facilities. CARF Accreditation demonstrates a provider's commitment to providing quality care and a proactive focus on satisfactory outcomes for every patient.
Propel Insurance | June 07, 2021
Propel Insurance, one of the nation's largest privately-owned insurance agencies and a portfolio company of Flexpoint Ford, announced today it had acquired South Carolina-based South Risk Management ("SRM"), a leading construction-focused insurance consulting firm.
The acquisition of SRM expands Propel's presence into South Carolina and adds to the Company's existing Southeast footprint, which includes Knoxville, Charlotte, Atlanta, and Orlando. The SRM team will be a valuable addition to Propel's industry-leading construction risk practice.
"We are pleased to welcome SRM into the Propel family, underscoring our commitment to growing our specialties nationwide by welcoming strategic partnerships and top industry talent," said Kurt Carlson, President, and CEO of Propel. "Propel is recognized as a leader in providing creative insurance solutions for our clients. Our long-standing partnerships with many of the nation's leading carriers, combined with our valuable services, translate into a competitive edge for our clients."
"We are thrilled to be joining Propel, a highly-respected and innovative leader in the insurance industry," said Patrick McKain, a founding partner of SRM. "We have shared values and a like-minded approach to delivering unparalleled advice and solutions to our clients."
SRM founding partners David Wells, Tripp Hafner, and W.D. Morris looks forward to expanding Propel's existing construction practice with John Babson taking on a leadership role. The team will leverage the broader pool of resources available at Propel to continue providing risk management services to help their clients address complex issues and support their business growth.
In Propel's Charlotte office, Richard Todd, Regional Director, added, "This transaction will complement our footprint in the Southeast. We remain excited about our growth and will continue to provide a compelling opportunity for insurance advisors who are looking to join a national leader."
About Propel Insurance
Propel insurance is one of the nation's largest privately-owned insurance agencies. It provides a broad array of property, casualty, risk management, workers' comp, employee benefits, personal insurance, and other products across North America. Propel is dedicated to helping businesses and individuals manage their insurance needs and find their momentum.
About Flexpoint Ford
Flexpoint Ford is a private equity investment firm that has raised more than $5.0 billion in capital and specializes in privately negotiated investments in the financial services and healthcare industries. Since the firm's formation in 2005, Flexpoint Ford has completed investments in more than 30 companies across a broad range of investment sizes, structures, and asset classes. Flexpoint Ford is headquartered in Chicago, Illinois, with additional offices in New York, New York.