UPDATE: Arthur J. Gallagher & Co. Acquires Integrated Healthcare Strategies, No Terms

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Integrated Healthcare Strategies located in Kansas City, Missouri and Minneapolis, Minnesota. Terms of the transaction were not disclosed.With operations dating back to 1974, Integrated Healthcare Strategies (Integrated) provides strategic human resources consulting services specifically to healthcare organization clients throughout the United States. They offer comprehensive human resource solutions ranging across healthcare compensation consulting, governance, physician relations, employee and physician engagement, strategy and executive placement. Bob Erra and his team will continue to operate from their current locations under the direction of William Ziebell, head of Gallagher's North Central employee benefit consulting and brokerage operations."For more than 40 years, Integrated has built a highly-regarded and successful business based on its commitment to quality client services. Their highest priority is their clients' needs which make them a great fit with our sales and service culture," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "The Integrated team will be a significant addition to Gallagher's healthcare niche and will be a great complement to our human resource, compensation and benefit consulting operations. We are pleased to welcome Bob and his associates to our growing Gallagher family of professionals."Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.