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December 07, 2006 at 01:39 PM
Independence Holding Company has agreed to acquire Actuarial Management Corp.
IHC, Stamford, Conn., is a player in the health insurance and employer medical stop-loss market that has been expanding retail health insurance operations.
Actuarial Management, Concord, Calif., is an actuarial firm that works on products such as fully insured health coverage for small groups, individuals and families, as well as short-term medical and employer medical stop-loss, IHC says.
IHC is not giving the price of the deal, but the company says it hopes to complete the acquisition within a few weeks after March 31, 2007.
