Key Developments: Health Insurance Innovations Inc (HIIQ.OQ)

HIIQ.OQ on NASDAQ Stock Exchange Global Market

7.29USD
25 Nov 2014
Price Change (% chg)

$-0.25 (-3.32%)
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$7.54
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Latest Key Developments (Source: Significant Developments)

Health Insurance Innovations Inc raises FY 2014 revenue guidance
Monday, 10 Nov 2014 04:01pm EST 

Health Insurance Innovations Inc:Increases FY 2014 revenue growth guidance to 50pct or more compared to FY 2013.Reported revenue of $56.64 million in FY 2013.FY 2014 revenue of $84.95 million - Thomson Reuters I/B/E/S.  Full Article

Health Insurance Innovations Inc gives FY 2014 revenue guidance
Wednesday, 22 Oct 2014 08:32am EDT 

Health Insurance Innovations Inc:Expects to exceed annual FY 2014 revenue guidance of at least 45 pct growth vs. FY 2013.Reported revenue of $56.64 mln in FY 2013.FY 2014 revenue of $84.95 mln - Thomson Reuters I/B/E/S.  Full Article

Health Insurance Innovations Inc announces acquisition of American Service Insurance Agency, LLC
Friday, 8 Aug 2014 05:00pm EDT 

Health Insurance Innovations Inc:Announced the acquisition of the privately-held, Fort-Worth based American Service Insurance Agency, LLC. (ASIA), a distributor of individual insurance programs.Aggregate purchase price is $4.0 million.  Full Article

Health Insurance Innovations appoints new CFO
Tuesday, 5 Aug 2014 04:15pm EDT 

Health Insurance Innovations Inc:Appoints Dirk Montgomery as executive vice president and chief financial officer(CFO) effective Sept. 02.Montgomery replaces James Dietz who is departing to pursue other opportunities.Appoints Michael Hershberger senior vice president of finance and business development to serve as interim CFO until Montgomery begins.  Full Article

Health Insurance Innovations Inc announces acquisition of HealthPocket Inc
Monday, 14 Jul 2014 04:39pm EDT 

Health Insurance Innovations Inc:Announces that it completed the acquisition of privately-held, Silicon Valley based HealthPocket, Inc. for about $32 million in cash and stock.  Full Article

Health Insurance Innovations announces independent registered public accounting firm change - Form 8-K
Thursday, 17 Apr 2014 05:03pm EDT 

Health Insurance Innovations Inc:On April 14, company dismissed its independent registered public accounting firm, Ernst & Young LLP, effective as of that date.On April 14, company selected Grant Thornton LLP as new independent registered public accounting firm, effective immediately.  Full Article

Health Insurance Innovations Inc Acquires Secured Health and Life
Thursday, 18 Jul 2013 04:05pm EDT 

Health Insurance Innovations Inc announced the acquisition of Secured Health and Life (Secured), a health and life insurance marketer and an important distributor of Health Insurance Innovations (HII) products with a focus on short-term medical plans, lead management systems, and cutting edge call center technology. The aggregate purchase price for Secured is $16.5 million, with $10 million paid in cash at closing and the remainder tied to future business growth.  Full Article

Health Insurance Innovations Inc Partners With HCC Life Insurance Company To Expand Short-Term Medical Portfolio
Wednesday, 3 Jul 2013 10:00am EDT 

Health Insurance Innovations, Inc. announced that the launch of HealtheMed STM through its partnership with HCC Life Insurance Company, a provider of medical stop loss, group term and short term medical insurance. The newest addition to HII's short-term options, HealtheMed STM, offers short-term, limited-duration insurance to fill gaps in coverage.  Full Article

Health Insurance Innovations Inc Announces Acquisition Of Contract Rights From TSG Agency, LLC
Thursday, 14 Mar 2013 07:00am EDT 

Health Insurance Innovations Inc announced the purchase of contract rights with TSG Agency, LLC. (TSG) and certain other assets for an aggregate cash purchase price of $5.5 million. HII expects to incur approximately $0.3 million of costs related to the transaction. Ivan Spinner, founder and owner of TSG Agency, LLC, a managing general agent of HII, will join HII as an employee.  Full Article

Health Insurance Innovations Inc Prices Initial Public Offering Of Common Stock
Thursday, 7 Feb 2013 06:01pm EST 

Health Insurance Innovations Inc announced on February 7, 2013 the pricing of its Initial Public Offering (IPO) of 4,666,667 shares of Class A common stock at a price to the public of $14.00 per share. HII has also granted the underwriters a 30-day option to purchase up to an additional 700,000 shares of Class A common stock to cover over-allotments, if any. The shares of common stock will trade on the NASDAQ Global Market under the symbol HIIQ beginning February 8, 2013. HII intends to use a portion of the approximately $58.2 million of net proceeds that it receives from this offering, after deducting the underwriting discount and estimated offering expenses payable by HII, to repay all of the outstanding debt under its term loan. HII intends to use the remaining net proceeds that it receives from this offering to provide the funds necessary to expand its advance commission structure and for general corporate purposes, including potential acquisitions that are complementary to its business or that enable it to enter new markets or provide new products or services. Credit Suisse Securities (USA) LLC, Citigroup and BofA Merrill Lynch are joint book-running managers for the offering, with Raymond James & Associates, Inc. acting as co-manager.  Full Article

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