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Slide #94. Health Insurance Innovations, Inc. — Contract Rights From TSG Agency, LLC
Health Insurance Innovations, Inc. (HIIQ)
Contract Rights From TSG Agency, LLC
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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Strong Buy (3.50 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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