NU Online News Service, April 14, 2005, 5:10 p.m. EDT
A big insurance broker has found new homes for 2 benefit plan services units.[@@]
Arthur J. Gallagher & Company, Itasca, Ill., has sold Northshore International Services, Danvers, Mass., to the NiiS management team and Gallagher Benefit Administrators Inc., Lisle, Ill., to the Parker Group, Lubbock, Texas.
Arthur J. Gallagher is not saying how much the buyers are paying, but it says it will be keeping the APEX Group, Princeton, N.J., an insurance consulting firm acquired along with NiiS in 2002.
NiiS sells medical claims management and auditing services. In addition to the main office in Massachusetts, NiiS has offices in Illinois, Georgia, New Jersey and Pennsylvania.