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PHTS joins The Risk Authority Stanford
10/16/2017
 
Following unanimous approval by both boards of directors, The Risk Authority Stanford (TRA Stanford) and PHT Services, Ltd have completed TRA Stanford’s acquisition of PHTS and the official launch of TRA Stanford Global Service Center in South Carolina.

"We are very pleased to be able to share our expertise and help introduce TRA Stanford’s innovative technologies here on the East Coast," said Brian Teusink, President & CEO of PHTS. "It will be exciting to provide our clients access to the best-in-class and most forward-thinking tools available to improve loss experience and create cost-effective risk management programs."

TRA Stanford Global Service Center (previously PHTS) will continue to offer the impeccable quality and customer service that PHTS has been known for over the last 25 years and will continue to provide risk management and workers’ compensation services to both the 30 South Carolina hospitals working with PHTS and an expanding national client base. The same great staff will continue servicing PHTS’s South Carolina clients. Simultaneously, based in the innovation hub of Silicon Valley, TRA Stanford will continue to develop the industry’s leading-edge risk technology and process advancements.

"This acquisition pairs two world-class players in risk management services and sends a loud and clear message that innovation and data-driven techniques are the future of our industry,” said Jeff Driver, CEO of TRA Stanford and Chief Risk Officer of Stanford Health Care and Stanford Children’s Health. “TRA Stanford’s prowess in professional liability dovetails with PHTS’s deep experience in both liability and workers’ compensation. Together, we will continue to harness the power of innovation and advanced technological expertise of Silicon Valley to meet the challenges of data collection and risk management innovation coast to coast."