Oklahoma State Medical Association to sell PLICO to Berkshire Hathaway unit
Details of the cash transaction were not immediately available. The deal, which is subject to regulatory approvals, is expected to close in the next three months.
PLICO serves about 2,200 healthcare providers in
PLICO's principal operations will remain in
"The proposal that came from
Doing the deal now should allow for a transition to be accomplished before many customers' policies are due for renewal in January, Moore said.
Dr.
"Joining
'A great opportunity'
Dr.
"A true win-win, it will bring the OSMA resources to grow and expand our mission while also giving PLICO greater influence and support," Jenkins said in a statement. "There really could not be a better scenario for all parties."
"Today, our
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