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January 11, 2018 at 04:53 AM
Integrity Marketing Group L.L.C. has acquired Neishloss & Fleming Inc. for a price that was not disclosed.
Integrity Marketing is a privately held, Dallas-based distributor of life and health products aimed at older consumers. The company was founded in 2006. It now has relationships with 120,000 independent agents located throughout the United States.
Neishloss & Fleming is a Pittsburgh-based company that distributes Medicare Advantage and Medicare supplement insurance plans. The company was founded in 1982, by Alice and Eric Neishloss. In 2017, the company generated about $75 million in new Medicare plan premiums, according to Integrity. When it was acquired, it was privately held.
(Related: Medigap Group Finds Price)
Although Integrity is not disclosing the deal price, it says the former owners of Neishloss & Fleming now have a stake in Integrity. Stability)
Integrity says that, including the Neishloss & Fleming employees, it has about 300 full-time employees.
“All employees of Neishloss & Fleming maintain their current roles with the company,” Integrity says in the deal announcement.
