Munich Re completes Windsor Health acquisition
Munich Re has completed its acquisition of US Medicare provider, Windsor Health Group, Inc.
The business has been purchased by Munich Health North America for $131 million in cash, strengthening the subsidiary’s position in the US medicare market.
Windsor operates government-sponsored health plans and provides specialty services in the senior segment to more than 75,000 members in Alabama, Arkansas, Mississippi, South Carolina and Tennessee.
The move follows the group’s acquisition of Sterling Life Insurance Company in 2008, and Windsor and Sterling together now have over 200,000 members across the US.
From now on, direct operating control of Windsor lies within the Munich Health North America holding structure.
Category: Companies News, Insurance News
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