Toro Risk Consulting Group will move its office to Acadia’s headquarters in Morristown.
Toro is a highly-specialized health care consulting firm that primarily works with emerging companies to support providers in value-based care programs.
“Traditional medical malpractice risk can no longer be viewed in a silo. Toro brings a deeper understanding of value-based care and new market access that allows us to better position our clients from a risk perspective,” Scott Parker, president of Acadia, said in a statement.
“Toro is both a business and a cultural fit for Acadia,” said Henry Kane, co-founder of Acadia. “The synergies position Acadia to deliver more expertise and resources to our clients who want to be ahead of value-based reimbursement programs,” said Kane.
“We have long understood the need to align the risk providers take in value-based care programs with professional liability risk. With the acquisition of Toro, Acadia is now able to expand its portfolio to help clients leverage the transition to a value-based care system,” said Brian Kern, founder and managing member of Toro Risk, and currently a partner at Acadia.