Healthcare Business News

Sensely, a virtual assistant pioneer, announced a partnership with Krungthai AXA Life Insurance. This Thai-based carrier provides health insurance to around 500,000 members. Krungthai AXA Life, a Thai-based carrier that provides health insurance to approximately 500,000 members, has incorporated Sensely’s technology into its Emma application. This powerful digital solution offers policyholders access to a variety of healthcare services and policy information through one application. [Read more…]

NeuroSense Therapeutics Limited. is a clinical-stage biotechnology firm that focuses on developing and discovering treatments for neurodegenerative diseases such as ALS, Alzheimer’s, and Parkinson’s. It today announced pricing for its initial public offering. Each unit consists of one ordinary share and a warrant that allows the right to purchase one share at $6.00 per share. This will generate gross proceeds of $12,000,000. NeuroSense also granted the underwriter a 45 day option to purchase an additional 300,000 ordinary shares and/or 300,000. warrants at the initial price. This is in addition to the underwriting discounts, commissions, and underwriting commissions. NeuroSense’s warrants and ordinary shares have been approved to be listed on the Nasdaq Capital Market. They are expected to trade on December 9, 2021, under the ticker symbols “NRSNW” and “NRSNW.” [Read more…]

Gravie was named to Inc. 2021 Best in Business List in the Insurance category at the gold medal level. Inc.’s Best in Business Awards recognizes 147 companies who have made a significant impact on society. Gravie, a health benefits company that makes it easier for people to access and purchase healthcare, was also included in the accompanying article: “A Health Insurance Plan That You Won’t Hate?” This is the Mission of This Company. ” [Read more…]

Aaliance Insurance (“Aaliance”) joined ETAO to offer healthcare insurance solutions that complement ETAO International Group (“ETAO”) fully integrated digital health ecosystem. This includes medical, research, and insurance services. Aaliance’s insurance products meet the needs of patients by providing access to ETAO’s top-quality medical services at a reasonable price. Aaliance’s customers are looking for superior health management, disease prevention and high-quality treatment services. The ETAO digital healthcare ecosystem offers solutions to their problems. The partnership between ETAO & Aaliance enhances health maintenance services and reduces costs for both Aaliance & ETAO. [Read more…]

Integrity Marketing Group, LLC (“Integrity”), a national distributor of life, wealth and health products, announced today that it had acquired PIPAC Life & Insurance Brokerage (“PIPAC”), an independent marketing agency (“IMO”) based out of Cedar Falls, Iowa. Greg Saul (President of PIPAC) and LeaAnn Saul (Vice President of PIPAC), will be Managing Partners in Integrity as part of the transaction. The financial terms of the transaction are not known. [Read more…]

Magnolia Health, in collaboration with its parent company, Centene Corporation, has recognized Dr. Angel Johnson of Hattiesburg Clinic – Purvis Family Practice Clinic with a national award for clinical excellence. [Read more…]

Chubb has announced two new leadership appointments for its North America Financial Lines division. [Read more…]

Leigh Anne Sherman has been appointed Division President of ESIS, a Chubb company, and a leading third-party claims administrator. [Read more…]

Banjo Health, a startup pioneer in AI-driven prior approval solutions, has signed a philosophical arrangement with ELMCRx Solutions, LLC, a pharmacy benefits management and cost containment company located in Pennsylvania, to improve existing prior approval reporting and management procedures via smart, clinician-focused solutions. [Read more…]

eHealth, Inc. and an affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm, have entered into a binding agreement to make a $225 million investment in the Company by purchasing convertible preferred stock. [Read more…]

Built In announced recently that GoHealth was honored in its 2021 Best Places To Work Awards. Specifically, GoHealth earned a place on 100 Best Places to Work in Chicago. The annual awards include companies of all sizes, from startups to the enterprise, nationally and in the eight largest tech markets. [Read more…]

The San Diego office of American Specialty Health Incorporated (ASH) has been named among San Diego’s “Top Workplaces” in the 8th annual Top Workplaces awards sponsored by the San Diego Union Tribune and Philadelphia-based Energage. [Read more…]

Oscar, the first health insurance company built around a full stack technology platform and a relentless focus on serving our members, today announced it has hired R. Scott Blackley as its new Chief Financial Officer, effective March 16, 2021. Scott will serve on Oscar’s leadership team and report to Chief Executive Officer Mario Schlosser.

Scott has been serving as the Chief Financial Officer of Capital One since May 2016. Prior to that, he served as Capital One’s Principal Accounting Officer and Controller for five years. Before joining Capital One, Scott held various executive positions at Fannie Mae, the U.S. Securities and Exchange Commission and KPMG, LLP.

Scott is succeeding Sid Sankaran, who is leaving the company in Spring 2021 to become Chairman & Chief Executive Officer of SiriusPoint, a global reinsurance company. Sid will become Vice Chairman at Oscar upon Scott’s joining and will join the Board effective June 30, 2021.

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For more reporting on this topic, see our Healthcare Business news hub.

Economic activity in the services sector grew in November for the sixth month in a row, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®. [Read more…]

WellSpark Health and LAZ Parking, one of the largest parking companies in the country, have partnered to create a next generation employee benefit program in support of the modern workforce. The innovative program is built to understand and respond to the realities people face in our complex world when managing their life and health. [Read more…]

CHICAGO, March 5, 2020 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired LSM Insurance Services Ltd. (LSM). Terms of the transaction were not disclosed.

Headquartered in Markham, Ontario, Canada, LSM is a leading online provider of life and health insurance solutions. The LSM team has a combined 100 years of experience in the life insurance industry. LSM specializes in the hard-to-insure market and helps find affordable life insurance solutions for clients with health issues. Lorne Marr, Owner and Director of LSM, will join Hub Financial Inc., a subsidiary of Hub.

“This is an exciting opportunity for us,” said Mr. Marr. “We look forward to helping Hub Financial build the most robust lead generation program in the industry.”

Hub combines extensive sales training and coaching with industry-leading back office support and exceptional technology to provide financial advisors and insurance brokers, with access to development tools and education while maintaining their independence and self-governance. With offices in 15 cities across Canada, Hub Financial Inc. is one of Canada’s largest distributors of life insurance and investment solutions to advisors with the convenience of local support and the security of national scope and size.

About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 12,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.

SOURCE Hub International Limited

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• King Insurance Acquires Wurzel Insurance
• Sirius Acquires ArmadaGlobal
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For more reporting on this topic, see our Healthcare Business news hub.

HARTFORD, Conn., March 5, 2020 /PRNewswire/ — The Harvard Pilgrim Health Care Foundation recently announced that nominations are open for its Healthy Food, Healthy Community Award, which will recognize one non-profit organization in Connecticut that is making an impact by connecting healthy food to families. The non-profit will be awarded $5,000 by the Foundation. [Read more…]

TAMPA, Fla., March 5, 2020 /PRNewswire/ — Peerfit, the digital health company that works with employers and insurance carriers to fully fund fitness experiences for their employees and members, announced today that Ulya Khan, a former Tivity Health Chief Operating and Product Officer and industry veteran, has joined its board of directors. [Read more…]

ALHAMBRA, Calif., Nov. 7, 2019 /PRNewswire/ — Apollo Medical Holdings, Inc. (“ApolloMed” or the “Company”) (NASDAQ: AMEH), an integrated population health management company, announced its consolidated financial results for the quarter ended September 30, 2019 today. [Read more…]

NEW YORK, Nov. 8, 2019 /PRNewswire/ — Today, New York Edge, the largest provider of afterschool programs in the metropolitan region, announced a partnership with Fidelis Care, a leading health plan providing quality, affordable coverage for more than 1.7 million New Yorkers. Through the partnership, a variety of health and wellness programs will be provided to New York Edge students and their families during the 2019-2020 academic year. [Read more…]

Beacon Health Options (Beacon), the nation’s premier behavioral health management company, has announced that Mental Health News Education (MHNE) has presented its 2018 Leadership Award to Beacon Mid-Atlantic Market President Jim Spink. The MHNE Leadership Award recognizes Mr. Spink for his more than two decades of championing treatment services and public policy that advance the quality of life of individuals and families living with mental illness, substance use disorder and autism spectrum disorder. [Read more…]