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Stock Market & Financial Investment News

News Breaks
July 14, 2014
16:41 EDTHIIQHealth Insurance Innovations completes acquisition of HealthPocket for $32M
Health Insurance Innovations announced that it completed the acquisition of privately-held, Silicon Valley based HealthPocket for approximately $32M in cash and stock.
News For HIIQ From The Last 14 Days
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October 22, 2014
08:45 EDTHIIQHealth Insurance Innovations expects to exceed FY14 revenue guidance by over 45%
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08:44 EDTHIIQHealth Insurance Innovations increases Q3 approved applications 82% vs. 2013
Health Insurance Innovations announced that total approved applications received in Q3 increased approximately 82% compared to 3Q13. Core medical application count increased 48%, and ancillary application count increased 158%, respectively, for Q3, compared to the same quarter in 2013. Approved applications convert to insurance policies in force at a reliably high rate and drive revenue over the entire period of the policy. The resulting growth in policies in force increases revenues during both the quarter the policies are issued and in subsequent quarters. In addition, HealthPocket.com, the recently acquired health insurance search and comparison technology company, grew Q3 targeted referrals by more than double the Q2 level. Targeted customer referrals are sold by HealthPocket to insurance fulfillment partners including health insurance agencies and carriers, and are a significant source of HealthPocket's revenue.

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