Insurer consolidation.
Insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.
An insurer is frequently an insurance company and is also known as an underwriter. Consolidation: Health Net Inc. said it agreed to acquire
the health plan assets of Long Beach-based health care company Universal
Care Inc., in a move that further consolidates managed-care insurers in
the California market. Terms of the acquisition were not disclosed. The
transaction, which is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress"
contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent regulatory approval by the
Department of Managed Health Care and the Department of Health Services Department of Health Services may refer to: - Los Angeles County Department of Health Services
- California Department of Health Services a California state agency
,
is expected to close in the first half of 2006.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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