Reliance Global Group Acquires Medigap Health Insurance Company
December 22, 2021
Reliance Global Group, Inc. (NASDAQ: RELI) entered into a definitive agreement to acquire Medigap Health Insurance Company, an insurance brokerage in Florida specializing in Medicare supplement insurance, in an asset purchase expected to close in early 2022. The transaction, valued at approximately $19.6 million in cash and restricted common stock, is intended to expand Reliance's presence in the Medicare supplement market and leverage operational synergies with its existing portfolio.
- Buyers
- Reliance Global Group, Inc.
- Targets
- Medigap Health Insurance Company
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Buyout
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