News

PPM Shareholders Approve Merger with NORCAL Mutual

December 06, 2016

Overland Park, Kansas – December 6, 2016 – Preferred Physicians Medical (PPM), industry-leading provider of professional liability insurance for anesthesia practices, announced today that PPM Services shareholders overwhelmingly approved PPM Services merger with NORCAL Mutual Insurance Company (NORCAL) and NORCAL’s partnership with PPM.

Shareholder approval follows the signing of a definitive agreement in October 2016 between PPM and NORCAL proposing the acquisition of PPM Services and a partnership with PPM designed to expand PPM’s anesthesia footprint and establish a Midwest presence in support of NORCAL’s national expansion.

According to Steve Sanford, PPM’s President and CEO, over 79 percent of outstanding shares participated in the shareholder vote with over 98 percent of the voted shares approving the merger.

Regulatory approval by both the Missouri and California Departments of Insurance and the distribution of shareholder proceeds pursuant to the terms of the merger agreement remain pending. Closing is expected to occur in the first quarter of 2017.

News Archive

10/16/2018 Derick George, MD Joins PPM Board of Directors

PPM policyholder appointed new board member.

10/8/2018 Missouri Unanimous Defense Verdict

Jury agreed supervising anesthesiologist was not required to be present for leak test.

7/12/2018 PPM Announces Officer Promotions and Claims Staff Addition

New roles for seasoned staff and an addition to claims department.

6/4/2018 New York Wrongful Death Defense Verdict

Jury agreed the risk of postponing an emergency surgery for a critically ill patient outweighed the risks of proceeding.

2/15/2018 PPM Secures 44th Consecutive Upper Extremity Nerve Damage Verdict

Court recognized upper extremity nerve injuries can occur absent negligence.

1/25/2018 PPM Contributes to ASA Monitor Article

Recent publication of “Distractions in the O.R.”

11/21/2017 Leadership Transitions at PPM

Steve Sanford retires as CEO and joins PPM Board. Wade Willard promoted to COO.

10/19/2017 PPM Conducts 400th Risk Management Seminar

Milestone marks continued commitment to patient safety and risk management.

6/30/2017 PPM Contributes to Special Article Featured in Anesthesia & Analgesia

Recent publication of “Falls From the O.R. or Procedure Table”

6/28/2017 Directed Verdict in Virginia Wrongful Death Trial

Court orders a directed verdict after finding no reasonable jury could reach a decision to the contrary.

3/22/2017 IV Infiltration Burn Case - Arizona Defense Verdict

Jury overcomes sympathy of injuries to minor patient.

2/17/2017 Arizona Wrongful Death Defense Verdict

Jury rejects plaintiffs’ arguments that anesthesiologist’s heroic rescue efforts were negligent.

1/3/2017 NORCAL Mutual Acquires PPM Services

Partnership Expands NORCAL’s National Footprint and PPM’s Anesthesia Brand

12/6/2016 PPM Shareholders Approve Merger with NORCAL Mutual
11/21/2016 PPM Services to be Acquired by NORCAL Mutual

Partnership Expands Anesthesia Leadership for PPM and National Footprint for NORCAL

11/2/2016 PPM Announces Claims Staff Addition

Mr. Danon Williamson joins PPM as Claims Attorney.

10/12/2016 Directed Verdict Granted in New York Fall Injury Trial

Prolific plaintiffs’ expert’s trial testimony fails to meet burden of proof.

7/13/2016 Preferred Physicians Medical Earns “A” Rating from A.M. Best Company

PPM announces upgraded A.M. Best Rating.