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Propel Insurance (Propel), a retail insurance agency and a portfolio company of Flexpoint Ford, announced the acquisition of HealthCare Services (HCS), a risk management and insurance consulting firm based in Knoxville, Tennessee that specializes in serving senior care organizations. The combined agency will generate in excess of $120 million of annual revenue in 2020 and will have seven offices across the U.S. Together, Propel and HCS will continue to focus on providing tailored insurance solutions to its clients and offer exciting growth opportunities for its insurance carrier partners.

Propel’s acquisition of HCS will expand Propel’s existing senior . . .

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