{"id":13820,"date":"2021-10-19T06:45:50","date_gmt":"2021-10-19T06:45:50","guid":{"rendered":"https:\/\/www.bbinsurance.com\/news\/brown-brown-inc-announces-the-stock-acquisition-of-remedy-analytics-inc\/"},"modified":"2021-10-19T06:45:50","modified_gmt":"2021-10-19T06:45:50","slug":"brown-brown-inc-announces-the-stock-acquisition-of-remedy-analytics-inc","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/us\/insight\/brown-brown-inc-announces-the-stock-acquisition-of-remedy-analytics-inc\/","title":{"rendered":"Brown & Brown, Inc. announces the stock acquisition of Remedy Analytics, Inc."},"content":{"rendered":"

Click to read the official press release on investor.bbinsurance.com<\/em><\/a><\/p>\n

DAYTONA BEACH, Fla., Oct. 19, 2021 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and the shareholders of Remedy Analytics Inc., today announced that Brown & Brown, Inc. has acquired all of the stock of Remedy Analytics.<\/p>\n

Founded in 2011 by current chief executive officer, Scott L. Martin, Remedy Analytics uses its proprietary PharmaLogic\u00ae<\/sup>\u00a0data-based medication platform to offer pharmacy consulting services to employers throughout the United States. Following the acquisition, the Remedy Analytics team will continue operating from their existing Milwaukee, Wisconsin location under the leadership of current chief operating officer, Jennifer Hill. Martin will continue to support the Remedy Analytics business as a consultant. The Remedy Analytics business will operate within Brown & Brown\u2019s Retail segment and report to Mark Abate, who oversees Brown & Brown\u2019s Strategic Benefit Advisors operations.<\/p>\n

P. Barrett Brown, the president of Brown & Brown\u2019s Retail segment, stated, \u201cRemedy Analytics has built their business around using technology to deliver meaningful cost savings for large employers, and we are excited to leverage their platform and capabilities to better serve our customers. We also believe access to Brown & Brown\u2019s resources and product offerings will enable Remedy Analytics to deliver even more value to the employers they serve. Remedy Analytics has succeeded because of their top-notch team of leaders and industry professionals, and we are thrilled to welcome them aboard.\u201d<\/p>\n

Scott Martin, founder and CEO of Remedy Analytics, added, \u201cThis is the second company I have founded that has been acquired by Brown & Brown, and I know firsthand what a terrific fit this is for both companies. Our team of seasoned professionals will fit in seamlessly with Brown & Brown\u2019s capabilities and culture and will continue to excel together, exceeding\u00a0customer expectations and continually deepening and expanding our deliverables. We are extremely bullish about the future together.\u201d<\/p>\n

About Brown & Brown, Inc. <\/strong><\/p>\n

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 11,000 teammates in more than 300 locations across the U.S. and select global markets, we are committed to providing innovative strategies to help protect what our customers value most. For more information, please visit\u00a0www.bbinsurance.com.<\/p>\n

This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown\u2019s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown\u2019s control. It is possible that Brown & Brown\u2019s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown\u2019s financial results and condition, as well as its other achievements, is contained in Brown & Brown\u2019s filings with the Securities and Exchange Commission. Such factors include those relevant to Brown & Brown\u2019s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.<\/p>\n

For more information:<\/strong><\/p>\n

R. Andrew Watts
\nChief Financial Officer
\n(386) 239-5770<\/p>\n

 <\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

DAYTONA BEACH, Fla., Oct. 19, 2021 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. 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