Coverys Acquires MRM Group, a Patient Safety and Risk Management Company

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Expands risk management solutions to improve patient safety and reduce malpractice exposures

The financial strength and broader client footprint that Coverys brings will allow us to have a greater impact as we support physicians and hospitals in their quest to deliver better patient care, better patient experiences, and better outcomes.

Coverys announced today that it acquired MRM Group, LLC, a patient safety and risk management solutions company based in Hartford, Connecticut. The transaction was finalized on July 29, 2016.

MRM Group, formed in 2003, offers a broad range of risk education, consulting and professional services to hospitals, health systems, group practices, GME programs, and long-term care facilities nationwide. As a leader in risk education, MRM Group employs a highly engaging, multi-modality approach, which includes specialty-specific, case-based, live, and online education. Their cloud-based technology platform provides for simple deployment, management, and content delivery across a healthcare enterprise.

MRM Group will maintain its Hartford-based operations, management team, and staff, ensuring seamless continuity as it services its nationwide client base.

“We are pleased to be joining Coverys, a company that shares our deep-rooted value of patient safety and strong commitment to offering providers high-quality risk education and consulting services,” said Kevin Kelly, CEO of MRM Group. “The financial strength and broader client footprint that Coverys brings will allow us to have a greater impact as we support physicians and hospitals in their quest to deliver better patient care, better patient experiences, and better outcomes.”

While the core business of Coverys remains medical professional liability insurance, it has more recently sought out products and services to improve provider risk profiles, reduce malpractice exposures, and enhance healthcare quality and safety.

“This acquisition reinforces our strategic focus to support the healthcare provider community by expanding our portfolio of services that can be offered in conjunction with our insurance protection or on a stand-alone basis, determined by the needs and desires of those we serve,” said Gregg L. Hanson, CEO and president of Coverys. “Over the years, we have had the advantage of seeing first-hand how MRM Group works with clients and have come to respect their focus on delivering results and building tools, like its unique technology platform, to make risk management solutions easier to implement; all at a time when nothing about healthcare seems to be easy.”

ABOUT COVERYS
Coverys (http://www.coverys.com) is a leading provider of medical professional liability insurance for physicians, hospitals, dentists, podiatrists, and advanced practice providers. Coverys gets consistent recognition for its superior financial performance by inclusion in the Ward’s 50 for the past seven years. Coverys emphasizes proactive risk mitigation and patient safety programs that help clients anticipate, identify, and manage risk to reduce errors and improve outcomes.

About MRM Group, LLC
With clients from coast to coast, MRM Group (mrmgroup.com) empowers healthcare providers and institutions to eliminate preventable adverse events, reduce the frequency and severity of claims, and reduce malpractice premiums, while increasing patient safety and improving the patient experience. Founded in 2003 by a team of accomplished healthcare executives, malpractice defense attorneys, and insurance professionals, MRM Group has transformed the way institutions think about risk and patient safety education, creating a highly effective, specialty-specific methodology that has proven time and again to drive sustained practice change and consistently deliver a remarkable return on investment.

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Loren LeVasseur
Coverys
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