Digital Insurance Announces Strategic Recapitalization.Transaction Prepares Company for Accelerated Growth In the Small Group Benefits Marketplace ATLANTA Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. -- Digital Insurance, Inc., a leader in the small group employee benefits marketplace, recently completed a strategic recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. . Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Healthcare Group (IHCG), an original investor in the company, along with Digital's executive team has provided an additional $17.5 million of equity in the recapitalization. This additional capital was used to both consolidate ownership and position the organization for organic and acquisitive growth going forward. "IHCG believes, as does Digital's leadership, that the company's national benefits platform is uniquely positioned to provide superior value to small businesses across the country," says Steve Shulman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IHCG. "The organization has momentum, and continues to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. its revenue base while creating barriers to entry for others. Our view is that Digital's five-year track record of exceeding a 50 percent growth rate is achievable well into the future." Digital recently launched INcompass(SM), its branded suite of services for small employers. INcompass delivers value with four elements that, collectively, create a differentiated customer experience for small businesses: cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. , administrative support, liability reduction and innovative products. "We understand the challenges small employers face delivering a cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. benefits program to their employees," states Adam Bruckman, CEO of Digital Insurance. "Our core focus is to provide a 'large company' experience to our small business clients on behalf of our leading distribution partners. Digital's scale, investment and continuous product innovation is unique in the marketplace and this is a competitive advantage we intend to expand," Bruckman adds. About Digital Insurance Headquartered in Atlanta, Ga., Digital Insurance (www.digitalinsurance.com) delivers innovative health and benefits solutions designed specifically for small businesses. Since 2000, Digital has built a national platform that has more than 130 broker and bank relationships with more than 15,000 small group customers, representing more than 300,000 employees. With a growing suite of innovative products, Digital is the solution of choice for the small business segment of the employee benefits marketplace. |
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