ROLLING MEADOWS, Ill.,
July 10, 2019 /PRNewswire/
-- Arthur J. Gallagher & Co. today announced the
acquisition of BluePeak Advisors, LLC. Terms of the transaction
were not disclosed.
Headquartered in Bartonville,
Texas, with employees operating across the United States, BluePeak Advisors assists
health plans, employers, pharmacy benefit managers, pharmaceutical
companies and other health care alliance companies with Medicare
and Medicaid operational and compliance issues. Babette Edgar, Sherry
Pound and their associates will continue to operate from
their current locations under the direction of Seth Friedman, Health Plan Services leader for
Gallagher's employee benefits consulting and brokerage
operations.
"BluePeak's expertise in mitigating the risks of managing
government health plan programs for clients and prospects gives
Gallagher a unique position in the market to broaden our reach and
deliver growth," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "I am delighted to welcome
Babette, Sherry and their associates to our growing, global
team."
"BluePeak and Gallagher have partnered in the past to solve the
needs of mutual clients," Seth
Friedman added. "The synergies between the services BluePeak
delivers in the Medicare Part C and D consulting space and the
services available through Gallagher's existing Pharmacy practice
afford us a robust offering in the government healthcare compliance
space that will be difficult to match."
Arthur J. Gallagher & Co.
(NYSE: AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows,
Illinois. The company has operations in 35 countries and
offers client service capabilities in more than 150 countries
around the world through a network of correspondent brokers and
consultants.
Investors: Ray
Iardella
|
Media: Linda J.
Collins
|
VP – Investor
Relations
|
VP – Corporate
Communications
|
630-285-3661/ ray_iardella@ajg.com
|
630-285-4009/ linda_collins@ajg.com
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-bluepeak-advisors-llc-300881594.html
SOURCE Arthur J. Gallagher &
Co.