PSA Insurance & Financial Services acquires risk management firm

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Maryland-based PSA Insurance & Financial Services has bought Councill, a risk management and insurance company specializing in long-term care.

Nancy Councill and her eight associates have “deep specialty knowledge within the healthcare industry, with a concentrated focus on nursing homes, assisted living and independent living facilities,” PSA said. Terms of the deal were not disclosed.

The new team will operate under the name PSA Healthcare Risk Solutions. The acquisition allows PSA to broaden its client base and to merge services with PSA's existing risk management practice, the company said.

“The PSA brand enables us to provide clients with services not currently offered by Councill, and will enhance productivity and growth through technology, marketing and operational support,” Councill said.

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