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Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Thu., Aug. 18, 6:40 AM Recent mergers and acquisitions in the Insurance Brokers M&A category.

Slide #94. Health Insurance Innovations, Inc. Contract Rights From TSG Agency, LLC

Acquirer: Health Insurance Innovations, Inc. (HIIQ)
Acquiree: Contract Rights From TSG Agency, LLC
Details: Health Insurance Innovations, Inc. ("HII" or the "Company") (Nasdaq:HIIQ), today announced the purchase of its contract rights with TSG Agency, LLC. ("TSG") and certain other assets for an aggregate cash purchase price of $5.5 million. HII expects to incur approximately $0.3 million of costs related to the transaction. Ivan Spinner, founder and owner of TSG Agency, LLC, a managing general agent of HII, will join HII as an employee.

Benefytt Technologies is a holding company. Through its subsidiaries, Co. is engaged as a cloud-based technology platform and distributor of individual and family health insurance plans (IFP) which include short-term medical insurance plans, and health benefit insurance plans. Co. provides numerous supplemental insurance and non-insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards, that are purchased as supplements to IFPs.

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Company Name: 
Benefytt Technologies Inc
Stock buyback: 
HIIQ buyback
Website: 
www.hiiquote.com
Sector: 
Insurance Brokers
 

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