The asset acquisition of NuQuest Resources Inc. and Bridge Pointe Inc. of Longwood, Fla. has been announced by J. Powell Brown, regional executive vice president of Brown & Brown Inc. with offices in Daytona Beach and Tampa, Fla. The announcement was made by Brown and D. Eugene “Gene” Roberts, NuQuest and Bridge Pointe president.
“The NuQuest and Bridge Pointe operations represent our initial entry into a very specialized niche in the realm of workers compensation insurance-related services, while complementing our existing claims service business,” noted Brown, who is responsible for the operations within Brown & Brown’s Services Division. “We are very pleased to have Patty and her professionals team join our family of specialty organizations.”
NuQuest Resources, Inc. and Bridge Pointe, Inc., with combined annualized revenues of approximately $5.6 million, are providers of Medicare Secondary Payer statute compliance-related services. This includes Medicare set-aside services, Medicare cost allocation projections, claims resolution services, custodial account administration and consulting services, primarily in the area of worker’s compensation claims.
The two businesses will operate as a free-standing Brown & Brown profit center, under the management of Patricia “Patty” Meifert. She and her staff will continue to serve clients from their existing location.
Source: Brown & Brown.
Topics Mergers & Acquisitions
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