HealthMarkets

From Wikipedia, the free encyclopedia

HealthMarkets

Type	Private
Founded	1984
Headquarters	North Richland Hills, Texas, USA
Key people	Allen F. Wise (Chairman), William J. Gedwed (President and CEO)
Industry	Insurance
Revenue	$2.147 Billion USD (2006)
Net income	▲ $238 Million USD (2006)
Website	www.healthmarkets.com

HealthMarkets, Inc is a company rated #826 by Fortune (2006)[1], headquartered in North Richland Hills, Texas, that provides health and life insurance products to individuals, families, the self-employed and small businesses.

HealthMarkets offers products and services through its subsidiaries: The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company.

The Company is owned by a group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs Capital Partners and DLJ Merchant Banking Partners, members of management and the Company’s independent, licensed agents through the Company’s agent stock accumulation plans.

HealthMarkets won the Stevie Award for Insurance Sales Organization of the Year and was recognized in six other categories in the 2007 Selling Power Sales Excellence Award [2]. HealthMarkets was also listed #189 by Forbes (2007) in their annual list of "America's Largest Private Companies" [3]