IMG Acquires UK Insurance Provider
Indianapolis-based International Medical Group has acquired United Kingdom-based medical insurance provider ALC Health. IMG Chief Executive Officer Todd Hancock says the operations of both companies will not be impacted.
Financial terms of the deal were not disclosed. Hancock says everything will be "business as usual for employees, producers and clients."
"ALC Health is a natural expansion fit as IMG continues to grow," said Hancock. "This acquisition complements our growth strategy, strengthening IMG’s presence across key markets in Europe and Asia."
IMG was founded in 1990. Hancock was named CEO in November, followed by Craig Peters, who was named chief revenue officer in January.