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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 13, 2004 at 07:00 PM
NU Online News Service, Dec. 13, 2004, 6:01 p.m. EST
A Cypress, Calif., managed care company has completed a previously announced acquisition of a Green Bay, Wis., health insurer.[@@]
PacifiCare Health Systems Inc. has acquired American Medical Security Group Inc. for $505 million in cash.
PacifiCare is using a new $825 million credit facility to finance the deal.
The American Medical deal will help PacifiCare reduce its dependence on the California management care market and the Medicare managed care program, according to PacifiCare executives.
American Medical sells individual and small group health insurance through a network of 32,000 independent agents in 33 states and the District of Columbia. The company generated $712 million in premium revenue in 2003 by providing commercial preferred provider organization coverage for 314,000 people.
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