Primerica to acquire senior health insurance distributor for $600M
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Primerica's Oxford location
Primerica, Inc., a Georgia-based financial-services company with several outposts in Central Mass., including Oxford and Millbury, plans to acquire 80% of Florida firm e-TeleQuote Limited, a senior health insurance distributor of Medicare-related insurance policies for $600 million.
Primerica will acquire the remaining 20% of the company over the next four years, according to an April 19 announcement.
“This acquisition will combine the strengths of two successful companies, positioning both for expanded growth,” said Glenn Williams, Primerica CEO, in a statement.
The acquisition is expected to close in July, per the announcement.
“E-TeleQuote is the right size acquisition for us in an adjacent, high-growth sector,” Williams said. “We look forward to welcoming the e-TeleQuote team to the Primerica family and working together to expand our positive impact on the financial lives of middle-market clients of all ages.”
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