October 4, 2019 by matray

Acadia Professional, a medical professional liability insurance agency, announced the acquisition of Toro Risk Consulting Group, a healthcare consulting firm that primarily works with emerging companies to support providers in value-based care programs.

“Traditional medical malpractice risk can no longer be viewed in a silo. Toro brings a deeper understanding of value-based care and new market access that allows us to better position our clients from a risk perspective,” said Scott Parker, Acadia president.

“Toro is both a business and a cultural fit for Acadia,” said Henry Kane, Acadia co-founder. “The synergies position Acadia to deliver more expertise and resources to our clients who want to be ahead of value-based reimbursement programs.”

“We have long understood the need to align the risk providers take in value-based care programs with professional liability risk. With the acquisition of Toro, Acadia is now able to expand its portfolio to help clients leverage the transition to a value-based care system," said Brian Kern, who was the founder and managing member of Toro Risk, now a partner at Acadia.

Effective immediately, Toro Risk Consulting Group will move its office to Acadia's Headquarters in Morristown, N.J.