Independence Holding Company Announces Acquisition of Managed Care Reinsurance Facility.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 29, 2001 Independence Holding Company NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : INHO today announced that its wholly-owned subsidiary, IndependenceCare Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has acquired Health Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Management Partnership's Managed Care Reinsurance Facility ("MCRF MCRF Marshfield Clinic Research Foundation (Wisconsin) MCRF Medicinal Cannabis Research Foundation (UK) MCRF My Chemical Romance Forum MCRF Midwest Cardiovascular Research Foundation "). MCRF, which is based in Franklin, Tennessee will be operated under the name IndependenceCare Underwriting Services - Tennessee LLC. Roy Thung, Chief Executive Officer of INHO, stated "The acquisition of MCRF will immediately double our block of Provider Excess Loss and HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, Reinsurance, and provide IndependenceCare with an established presence on the East Coast to supplement our Minneapolis office. In addition, IndependenceCare - Tennessee's experienced staff will produce synergies with our accomplished Minneapolis team. Some of the statements included herein may be considered to be forward looking statements which are subject to certain risk and uncertainties. Factors which could cause the actual results to differ materially from those suggested by such statements are descibed from time to time in INHO filings with Securities and Exchange Commission. |
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