"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," said
Terms of the acquisition were not disclosed, though PSA will retain all five of NextLogical's staff, including founder
"I'm very enthusiastic about the opportunity to work with the well-respected team at PSA to introduce our platform to a much broader audience," Davis said in a statement. "Jumping from carrier to carrier reducing benefits or increasing employee cost-share 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."
Established in 1928, PSA serves more than 4,000 commercial enterprises and 6,000 individual clients in its employee benefits, commercial risk management and personal lines divisions.
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