January 7, 2010 (FinancialWire) — Independence Holding Company (NYSE: IHC) said it has acquired the assets of a managing general underwriter that controls approximately $30 million of employer medical stop-loss business.

In addition, IHC Health Holdings Corp. acquired a majority of the stock of a company that provides utilization review and medical management services to fully insured and self-funded health plans and a hospital bill review company.

IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks of policies through its insurance company subsidiaries (Standard Security Life Insurance company of New York and Madison National Life Insurance company, Inc.), its affiliate (American Independence Corp.) (NASDAQ: AMIC), and its managing general underwriters, third-party administrators, and marketing affiliates.

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