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Article: Central Reserve Life Insurance Company to Acquire Provident American Life and Health Insurance Company, All Health Insurance of Provident American Corp.
- Article from:
- PR Newswire
- Article date:
- November 12, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Companies to Share Risk/Profits of Provident American Corp.'s New HealthAxis
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STRONGSVILLE, Ohio, Nov. 12 /PRNewswire/ -- Central Reserve Life Insurance Company (CRL), a subsidiary of Central Reserve Life Corporation (Nasdaq: CRLC) today announced that it has signed an agreement to purchase all of the common stock of Provident American Life and Health Insurance Company (PALHICO) from Provident American Corporation (Nasdaq: PAMC) for approximately $5 million. In addition, CRL, in conjunction with The Reassurance Company of Hannover, will assume through reinsurance all the individual and small group health insurance currently in ...