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Life Health > Health Insurance

HealthMarket Attracts More Capital

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NU Online News Service, March 13, 2003, 1:13 p.m. EST – HealthMarket Inc., Norwalk, Conn., says it has obtained $12.5 million in capital from Allied Capital Corp., Washington, and a unit of Independence Holding Company, Stamford, Conn.

HealthMarket sells defined-contribution health plans in Georgia, Illinois, Indiana, Ohio, Tennessee and Texas. It has attracted 2,500 employer groups and 35,000 plan members, and it is now trying to enter the Arizona and Nevada markets.

The new round of capital will be used mainly to finance expansion, HealthMarket says.


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