Pan-American Life Acquires Texas-based Medical Benefits Provider

New Orleans-based Pan-American Life Insurance Group has completed the acquisition of USNow, which is headquartered in Plano, Texas, and provides limited medical plans.

Since 1995, USNow President and CEO David E. Lindsey has been active in the area of managed limited medical benefits, providing underinsured/uninsured individuals and corporate employees with access to group healthcare.

He founded USNow in 2002, and in 2006 Lindsey revitalized an old relationship with Pan-American Life, focusing USNow’s attention on Pan-American’s U.S. worksite product line. In 2007, Lindsey sold Pan-American Life a 20 percent ownership stake in USNow; the acquisition is now complete with Pan-American’s purchase of Lindsey’s remaining interest.

Source: USNow

Topics Mergers & Acquisitions Texas