QualityStocks would like to highlight Access Plans, Inc., a publicly traded membership and insurance marketing company, with three complementary distribution channels offering multiple opportunities for growth. The Wholesale Plans Division specializes in turnkey, private label membership benefit plans offered through retail outlets including rent-to-own centers.
The Retail Plans Division markets healthcare-related discount products and services to consumers through third party marketers. Program components in both membership plan divisions range from medical, dental and pharmacy discounts to grocery, restaurant, automotive, travel and other consumer discounts. The Insurance Marketing Division comprises Americas Health Care Plans, one of the nations largest independent agent networks for distributing individual major medical health insurance.
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Per the agreement, Aon Affinity will acquire all Access Plans outstanding shares and options to acquire the companys common stock for cash consideration of approximately $ 70.1 million, subject to adjustment for various necessary and closing expenses; assuming a net cash amount of $ 15.0 million, the per share cash consideration is approximately $ 3.30.
Access Plans is a membership plan provider in the specialty rent-to-own market space. The company bundles a wide range of non-insurance, commonly used products and services, from medical, dental, and pharmacy benefits, to groceries, and hotel rooms. The company sells these plans to consumers primarily in retail and rent-to-own businesses established in more than 10,000 stores in the U.S., Canada and Puerto Rico.
At Access Plans, we provide opportunities for people to save money on the things they spend money on every day and offer access to products and services they might otherwise be unable to afford, Wright stated in the press release. This sale represents a natural step for us. Becoming a part of the leading risk advisory firm translates into a positive outcome for our shareholders, greater options and value for our clients and increased opportunities for our employees.
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