Dave is responsible for coordinating the activities of the various partners of Phase+, a consortium of companies that provide an innovative combined insurance policy and financing mechanism to help private and public biopharma companies raise capital to fund clinical trials. The program is unique to Acrisure and has the potential to provide a significant new revenue stream to the ARCAS group.
He has over 30 years experience in the biopharma and pharmaceutical industry. He was previously CEO of Vimalan Biosciences, CEO of Ellora Pharmaceuticals, and CEO of Ralexar Therapeutics, all early stage drug development companies. His previous experience also includes running commercial operations for CollaGenex Pharmaceuticals, a dermatology pharmaceutical company that was acquired by Galderma, and various commercial activities at Zeneca and SmithKline Beecham.
Transaction Overview
On December 31, 2025, Goodlife Solutions, Inc., the intermediate holding company of Blue Cross Blue Shield of Nebraska, Inc. (“BCBSNE”), completed a $100 million Senior Term Loan offering. BCBSNE is the leading health insurance provider in Nebraska, and the proceeds from the Senior Term Loan will be down streamed to BCBSNE in the form of a surplus note. This additional surplus will further strengthen BCBSNE’s already solid financial position as it advances its growth strategy across government programs.
BCBSNE is a member of the Blue Cross Blue Shield Association, which is comprised of over 30 plans and collectively provides healthcare coverage to nearly one third of all Americans. Founded in 1939, BCBSNE is the leading health insurer for group markets in Nebraska. The company generates approximately $2.6 billion in annual revenue and serves more than 600,000 members.
The Senior Term Loan was privately placed by a syndicate led by Synovus Bank.
Acrisure Re Corporate Advisory and Solutions (“ARCAS”) served as exclusive financial advisor to BCBSNE for this transaction.
Client Testimonial
“Acrisure’s responsiveness and reputation helped make this deal possible. Their preliminary work, connections, and due diligence guided us through our search for top quality partners that met our needs at favorable terms. Tom and his team walked with us through the entire process and helped us find the right deal and the right fit for our needs. I highly recommend Acrisure for anyone looking for a trusted advisor in this space.”
Acrisure Re Corporate Advisory & Solutions
ARCAS served as the exclusive financial advisor to Blue Cross Blue Shield of
Nebraska, providing: