About MedPro Group
MedPro Group is a company based in Fort Wayne (United States) founded in 1899 was acquired by National Indemnity in May 2005. It operates as a Commission-Based. MedPro Group has raised $5.5 million across 1 funding round from investors including National Indemnity. MedPro Group has completed 1 acquisition, including PLICO. MedPro Group offers products and services including Healthcare Liability Insurance, Patient Safety Solutions, and Claims Management. MedPro Group operates in a competitive market with competitors including ProAssurance, Physicians Protector Plan and Wellness Medical Protection Group, among others.
- Headquarter Fort Wayne, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name The Medical Protective Company
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Annual Revenue
$1.81 K (USD)-41as on Dec 31, 2023
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Net Profit
$-419.98 (USD)-35as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$5.5 M (USD)
in 1 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Aug 25, 2015
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
National Indemnity
(May 06, 2005)
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Products & Services of MedPro Group
MedPro Group offers a comprehensive portfolio of products and services, including Healthcare Liability Insurance, Patient Safety Solutions, and Claims Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Healthcare liability insurance is provided for medical professionals.
Patient safety solutions are offered to healthcare providers.
Claims management services are delivered to insured clients.
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Software Development Team
75 people
Leadership Team
32 people
Sales and Marketing
16 people
Operations Team
12 people
Senior Team
11 people
Finance and Accounting
10 people
Legal and Compliance
9 people
Claims Team
5 people
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Funding Insights of MedPro Group
MedPro Group has successfully raised a total of $5.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.5 million completed in August 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $5.5M
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First Round
First Round
(25 Aug 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Series A - MedPro Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MedPro Group
MedPro Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include National Indemnity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Property and casualty insurance services are offered nationwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MedPro Group
MedPro Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PLICO. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Insurance solutions are provided by PLICO for healthcare professionals.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MedPro Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medpro Group Comparisons
Competitors of MedPro Group
MedPro Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ProAssurance, Physicians Protector Plan and Wellness Medical Protection Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
liability insurers for healthcare professionals/entities, medical technology, life sciences products, & workers’ compensation
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| domain | founded_year | HQ Location |
Provides stand-alone tail coverage for medical professionals' insurance transitions.
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| domain | founded_year | HQ Location |
Offers liability insurance for med spas, physicians, and businesses with online quoting tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medpro Group
Frequently Asked Questions about MedPro Group
When was MedPro Group founded?
MedPro Group was founded in 1899 and raised its 1st funding round 116 years after it was founded.
Where is MedPro Group located?
MedPro Group is headquartered in Fort Wayne, United States. It is registered at Fort Wayne, Indiana, United States.
Who is the current CEO of MedPro Group?
Tim Kenesey is the current CEO of MedPro Group.
Is MedPro Group a funded company?
MedPro Group is a funded company, having raised a total of $5.5M across 1 funding round to date. The company's 1st funding round was a Series A of $5.5M, raised on Aug 25, 2015.
What is the annual revenue of MedPro Group?
Annual revenue of MedPro Group is $1.81K as on Dec 31, 2023.
What does MedPro Group do?
Healthcare liability insurance is offered by MedPro Group to protect the assets and reputations of medical professionals and facilities. Coverage is extended to physicians, surgeons, dentists, and other healthcare providers, as well as hospitals and senior care facilities. Customized solutions in claims management and patient safety are also provided. The company operates within the healthcare sector, serving a wide range of medical entities across the United States since 1899.
Who are the top competitors of MedPro Group?
MedPro Group's top competitors include ProAssurance, Physicians Protector Plan and Wellness Medical Protection Group.
What products or services does MedPro Group offer?
MedPro Group offers Healthcare Liability Insurance, Patient Safety Solutions, and Claims Management.
How many acquisitions has MedPro Group made?
MedPro Group has made 1 acquisition, including PLICO.
Who are MedPro Group's investors?
MedPro Group has 1 investor. Key investors include National Indemnity.