Independent Health Joins MVP Health Care’s Family of Companies
According to a November 18 announcement, Independent Health will join MVP Health Care’s family of companies, subject to regulatory approvals. Independent Health is an independent, not-for-profit health plan headquartered in Buffalo, New York, providing innovative health care products and benefits designed to engage consumers in their health and well-being. The company was established in 1980. Founded in 1983, MVP Health Care is a community-focused, not-for-profit health insurer caring for members in New York and Vermont. Independent Health will join MVP’s family of companies, subject to regulatory approvals. By aligning strengths, MVP and Independent Health will serve nearly... Read More »
PE-Backed Alliant Insurance Services Buys Highpoint Insurance Group in Texas
Private equity-backed Alliant Insurance Services has purchased a health insurance agency located in Friendswood, Texas. The target, Highpoint Insurance Group, has 44 employees on staff. Alliant Insurance Services is a Newport Beach, California-based distributor of diversified insurance products and services. Alliant’s largest backer is the private equity firm Stone Point Capital, which has been Alliant’s largest institutional investor since June 2015. Highpoint Insurance Group will operate as Alliant following the acquisition. MarshBerry served as financial advisor to Highpoint for the transaction. Financial terms of the deal were not disclosed. According to data captured in... Read More »
Ambac Financial Group Acquires ArmadaCare
On September 29, Ambac Financial Group announced that it entered into an agreement to acquire ArmadaCare for $250 million. The seller was SiriusPoint Ltd., a global underwriter of insurance and reinsurance. ArmadaCare is a leading insurance program manager specializing in supplemental health insurance solutions that enhance ordinary employer health benefits and address workforce challenges through tailored plans and cost-control strategies. The company was founded in 2004 and is headquartered in Hunt Valley, Maryland. Headquartered in New York City, Ambac Financial Group owns and operates specialty property and casualty insurance businesses. A multidisciplinary team from... Read More »
Relation Insurance Services Acquires Bridlewood Insurance Services, Inc.
Relation Insurance Services (RIS) announced on August 26 its acquisition of Bridlewood Insurance Services, Inc. assets. The transaction went into effect on August 1, 2025. Bridlewood Insurance Services is an independent licensed insurance agency based in San Diego, California. Bridlewood specializes in Medicare coverage, including Medicare A and B, Medicare Advantage (part C), Medicare prescription drug (part D) and Medicare supplemental plans. RIS is a privately held insurance brokerage that offers risk management and benefits consulting services across the U.S. The company has approximately 1,200 employees across more than 125 locations nationwide. RIS is backed by Aquiline Capital... Read More »
SandStone Partners Health, dba YourMedPlan, Acquires McBride Insurance Agency
SandStone Partners Health, LLC, doing business as YourMedPlan, announced the expansion of its Florida operations with the acquisition of McBride Insurance Agency. McBride Insurance Agency is a Longwood, Florida-based health insurance agency specializing exclusively in Florida Blue Medicare, individual and family coverage and employer solutions. The company was founded by David and Carole McBride in 1984 and was purchased in 1999 by their son, Mike Prusak, who continues to lead the company today. YourMedPlan provides guidance and support for individuals, families and employers seeking tailored, cost-effective health insurance solutions. The acquisition expands YourMedPlan’s ability to serve... Read More »Schedule a demo
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