Harris Williams & Co. Advises Best Doctors, Inc. in a Minority Investment from Nippon Life Insurance Company
Harris Williams & Co. announces that Best Doctors, Inc. (Best Doctors) has received a minority investment from Japan-based Nippon Life Insurance Company (Nippon Life). The transaction closed on April 5, 2011. Harris Williams & Co. acted as the exclusive advisor to Best Doctors. The transaction was led by Garin Arevian from the firm's Technology, Telecom & Digital Media (TTDM) Group, along with Turner Bredrup and Cheairs Porter from the firm's Healthcare & Life Sciences (HCLS) Group and Matt White and Marshall Croft from the firm's Richmond office.
"Best Doctors is a leading technology-enabled healthcare services provider that has developed a breakthrough solution to ensure individuals receive the right care by delivering comprehensive, patient-centric, expert advice that guides patients through the complex global healthcare system," said Garin Arevian, director at Harris Williams & Co.
Best Doctors is the trusted resource that helps people be sure they get the right medical care. Its service dramatically improves the quality of care and reduces costs. Founded in 1989 by two Harvard Medical School professors, the company serves employers, insurers and individuals around the world, covering nearly 25 million people.
Nippon Life, based in Osaka, Japan, is Japan's largest private life insurer and the sixth largest life insurer in the world. With more than 14 million policies in Japan, Nippon Life offers a wide range of insurance products, including individual and group life and annuity policies through various distribution channels, and mainly uses a face-to-face sales channel for its traditional insurance products.