SCPIE, Doctors Co. combine in transaction valued at $296 million

By Lisa Kerner

Charlotte, N.C., June 30 - SCPIE Holdings Inc. said it was acquired by the Doctors Co. for $28 per share in a transaction valued at approximately $296 million.

As a result of the merger, SCPIE's common stock ceased trading on the New York Stock Exchange at market close June 30 and will be delisted, according to a SCPIE news release.

Los Angeles-based SCPIE provides health-care liability insurance for physicians and other health-care providers, medical groups and health-care facilities.

The Doctors Co. is a physician-owned medical malpractice insurer located in Las Vegas.

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