Published in Hospital Business Week, January 8th, 2006
The sale was for $16 million and will result in an after-tax loss of approximately $2.5 million in the fourth quarter of 2005.
Selective purchased the managed care operation to reduce the company's loss costs and deliver fee-based income as part of its diversification strategy.
Selective Insurance Group, Inc., headquartered in Branchville, New Jersey, is a holding company for six property and...
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