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News Breaks | | | | March 14, 2013 | | 07:11 EDT |  | HIIQ | Health Insurance Innovations acquires contract rights for $5.5M
Health Insurance Innovations announced the purchase of its contract rights with TSG Agency and certain other assets for an aggregate cash purchase price of $5.5M. HII expects to incur approximately $0.3M of costs related to the transaction. Ivan Spinner, founder and owner of TSG Agency, LLC, a managing general agent of HII, will join HII as an employee. Due to the structure of the transaction, the full amount will be expensed in the first quarter of 2013 under generally accepted accounting principles, which HII believes will result in a net loss for the quarter, the company said. HII expects the transaction to reduce third party commissions otherwise payable to TSG on a quarterly basis beginning in the second quarter of 2013 and forward, which will result in positive bottom line impact. | |
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News For HIIQ From The Last 14 Days Check below for free stories on HIIQ the last two weeks. |
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| May 14, 2013 | | 12:00 EDT |  | HIIQ | Health Insurance Innovations falls 10.8%
 Subscribe for More Information | | | 10:00 EDT | | HIIQ | Health Insurance Innovations falls 11.9%
Subscribe for More Information | | | 05:49 EDT | | HIIQ | Health Insurance Innovations sees FY13 premium equivalents up 25%-35%
| | | 05:49 EDT |  | HIIQ | HII reports Q1 EPS (86c), may not compare to consensus 5c
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