HMSA to sell off 2 of its holdings
Advertiser Staff
The Hawaii Medical Service Association said it will sell an employee-benefits agency as well as relinquish a direct ownership stake in a Mainland life insurer as it focuses on its core healthcare insurance offerings. Terms of the transactions weren't disclosed.
In a series of transactions, HMSA will:
Michael Cheng, HMSA senior vice president, said his company wanted to focus on its core healthcare insurance offerings and decided to sell Benefit Services. He said the agency most likely will be able to expand its offerings under the new owners.
The agency has sold a range of employee-benefit services, including flexible spending plans, health reimbursement arrangements and group insurance plans such as temporary disability, group term life insurance and long-term disability.
