October 3, 2023 by matray

Editor’s note: A longer article featuring exclusive interviews with Curi and Constellation executives will appear in the November 2023 issue of Medical Liability Monitor.

Curi Holdings and Constellation today reported the closing of their previously announced merger. With merger effectiveness, the combined company now operates under the name Curi, creating a national brand that seamlessly delivers the products, services and valued advice that healthcare providers need to thrive.

With more than $2 billion of consolidated assets and nearly $400 million in revenue, the merger builds on each company’s legacy of mutual ownership, client service and innovation to create an even stronger combined company. The merged organization now serves more than 50,000 physicians, healthcare providers and organizations across the U.S.

“We are proud to announce the completion of our merger with Constellation and even more excited for our collective future,” said Jason Sandner, Curi’s chief executive officer. “This merger represents strategic growth and investment in our company, our offerings, and our team, so that we can continue delivering on our ultimate vision—to be the trusted partner that physicians, healthcare organizations, and their families call on to drive success in their professional and personal lives.”

Both Curi and Constellation had been seeking organic and strategic growth opportunities with like-minded companies sharing aligned cultures, values and a commitment to clients. According to the two companies, the combined company carries forward a shared dedication to disciplined underwriting, proactive risk mitigation and supportive claims management in the insurance space, underscoring a deep commitment to defending good medicine. Recent investments in complementary service lines, such as wealth management, healthcare consulting and proprietary technology platforms, have also strengthened the combined company’s portfolio.

“Our clients are at the heart of everything we do, and the scale, scope and strength gained with this merger are important for keeping pace with those we serve,” said Ryan Crawford, Constellation’s former president and CEO. “The national reach of our combined organization, coupled with the expertise and localized presence of our team, will allow us to meet healthcare leaders and organizations where they are today and support them in where they want to go tomorrow.” The merger received approval from the Curi and Constellation Boards of Directors, the member-owners for both companies and all necessary regulatory bodies. The insurance company subsidiaries of Curi and Constellation are now operating under Curi’s consolidated mutual holding company, such that the policies held by their insureds will remain in force. Effective Oct. 1, 2023, Sandner continues as CEO of Curi, the consolidated mutual holding company. Crawford is now CEO of the merged Curi Insurance business. In addition, the 10 directors serving on each company’s board at closing have come together in equal representation to govern as the Board of Directors of the combined company.