Continental General Acquires Block of Long-Term Care Policies
Company signed a definitive agreement with Elevance Health
Continental General Insurance Company (together with its affiliates, "Continental General" or the "Company"), today announced that it signed a definitive agreement to acquire a block of long-term care ("LTC") policies from Elevance Health, Inc. (NYSE:ELV).
The acquisition, which will be one of the few successfully consummated LTC transactions in the last decade, comes on the heels of the Company's recently launched third-party administrator ("TPA"), Continental General Services.
Michael Gorzynski, Executive Chairman of Continental General, commented:
"The acquisition of Elevance Health's block of LTC policies marks an exciting o
