For Immediate Release
Health Insurance Innovations Completes Partner Buyout
New York, New York— September 28, 2011 – Merger & Acquisition Services Inc. (M&A), a leading insurance intermediary and boutique investment bank, announced today that it successfully assisted in a partner buyout for Health Insurance Innovations (HII), an insurance program manager. As part of the transaction, M&A served as the lead banker in raising 3rd party financing from Sun Trust Bank to facilitate the transaction. “M&A is happy to have been an integral part in sourcing and arranging the financing needed for the HII buyout and getting the deal closed within the specified project timeline,” said Jason Murgio, President of M&A. “I am extremely pleased to have closed this transaction and to have bought out my partners on favorable terms. Jason Murgio & Chris Hughes at M&A were instrumental in making the financing and deal happen. I would recommend M&A Services without hesitation,” said Michael Kosloske, President of HII. Founded in 2009, HII is a program manager which specializes in offering limited medical, short-term medical, AD&D, and life products. In addition, membership in the companies association entitles policy holders to discounts on a variety of health and travel discount services. HII distributes its products through wholesalers and nearly 4,800 independent agents, with some of these being in the employ of large brokerages. For more information on HII, please visit the companies website at http://hiiquote.com
About Merger & Acquisition Services, Inc.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
To learn more about Merger & Acquisition Services, visit https://maservices.com.