SeniorsFirst founder Hanson to buy back company from UICI.To prevent closure of his company, Scott Hanson, founder of Dallas-based SeniorsFirst LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has agreed to buy back the 50 percent controlling share held by North Richland Hills North Richland Hills, town (1990 pop. 45,895), Tarrant co., N Tex., a residential suburb of Fort Worth; inc. 1953. Corrugated boxes, food products, and textiles are manufactured. The town grew markedly in the late 20th cent. , Texas-based UICI. Terms of the deal were not disclosed. In January, UICI bought controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in SeniorsFirst, which specializes in the sale of long term care and Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. supplement insurance products. But in late May, UICI announced that it planned to sell or close its senior market division to concentrate on its more profitable niche health businesses. UICI President and Chief Executive Officer Greg Mutz said selling its interest in SeniorsFirst back to Hanson "just made sense." |
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