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Independence Makes Offer For American Independence Stock

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NU Online News Service, Feb. 19, 10:25 a.m. – Independence Holding Company Inc., Stamford, Conn., has offered to pay $9 million for 1 million shares of the stock of a failed Internet services provider, American Independence Corp., San Francisco.

Independence, the parent company of several life and health insurance companies, has been using American Independence to acquire and run the operations of a managing general underwriter in the employer medical stop-loss market.

American Independence, which has a Nasdaq Stock Market listing, previously was known as SoftNet Systems Inc.


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