IHC Announces Completion of the Sale of a Controlling Interest in Its Pet Division and the Stock of Independence American Insurance Company

STAMFORD, Conn., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today announced the completion of the sale of a controlling interest in its pet division and in the stock of Independence American Holdings Corp., including its subsidiary Independence American Insurance Company (“Independence American”), to a subsidiary of Independence Pet Holdings, Inc. (f/k/a Iguana Capital, Inc.) (“Independence Pet”), an investment company specifically formed to facilitate the sale transaction. The transaction was structured as two separate purchase agreements that were expected to close on different dates and had independent closing conditions.

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