Oct 17, 2016 – PSA Insurance and Financial Services acquires Westminster, MD based NextLogical Benefit Strategies

PSA Insurance & Financial Services Announces
Acquisition of NextLogical Benefit Strategies
Acquisition enhances PSA’s group benefits services with new solutions to lower
healthcare costs.
HUNT VALLEY, Md. (October 17, 2016)—PSA Insurance & Financial Services (PSA),
the country’s ninth fastest-growing benefits broker, continues to grow with the
acquisition of NextLogical Benefit Strategies, a full-service benefits consultancy with a
specialty in reducing healthcare costs through a unique health risk management
capability.
The acquisition will greatly deepen PSA’s ability to help clients reduce healthcare
premiums by improving the health status of their employee base. PSA will now have
access to NextLogical’s ground-breaking process built around powerful data analytics
and predictive modeling, combined with clinical management to improve health statuses
of employee populations. This unique and proactive model allows for the curtailing of the
demand for healthcare services and consequently the claims or insurance premiums paid
by clients.
“PSA is growth-oriented and we are always searching for new acquisition opportunities
to advance our business and services,” said PSA’s Employee Benefits Group Senior Vice
President Ken Huber. “The addition of NextLogical’s innovative solutions and talented
team members makes us more competitive while helping our existing clients manage
costs via access to these powerful new capabilities.”
Terms of the acquisition include the retention of the entire staff to ensure a seamless,
uninterrupted transition for current NextLogical clients. Huber says those clients will see
additional benefits as well, including expanded Affordable Care Act compliance
consulting, access to advanced communications for employees and an in-house call
center that supports employees in accessing their healthcare.
NextLogical founder Aaron Davis will become the new Vice President of Healthcare
Solutions for PSA. “I’m very enthusiastic about the opportunity to work with the wellrespected team at PSA to introduce our platform to a much broader audience,” says
Davis. “Jumping from carrier to carrier reducing benefits or increasing employee costshare in an effort to save on healthcare costs isn’t a productive long term strategy; our
data-driven, clinical approach gives employers a more effective new tool to improve the
quality of care their members receive and better manage healthcare costs for the long
haul.”
PSA will continue to serve more than 4,000 commercial enterprises and 6,000 individual
clients in its employee benefits, commercial risk management and personal lines
divisions. For additional information about PSA, visit www.psafinancial.com. Please
direct all media inquiries to Kathy Walsh at 410-420-2001 or by email at
Kathy.Walsh@FallstonGroup.com.
About PSA
In business to protect and grow the assets of our clients since 1928, PSA is one of the
mid-Atlantic’s leading independent firms specializing in risk management, personal
insurance and employee benefits. With vast knowledge, experience and resources, PSA
delivers national caliber capabilities to clients with the attention of a local partner.
Mystic Capital Advisors Group, LLC represented NextLogical in the transaction. For
more information on Mystic Capital, please contact Mathew Klossner at 212-251-0251 or
visit www.mysticcapital.com.