Independence Holding Company to Be Acquired by Geneve

Paul, Weiss is advising the special committee of the board of directors of Independence Holding Company in the all-cash take-private acquisition of Independence by Geneve Holdings, Inc., for $57.00 per share of common stock. The per share price represents a premium of 35.7% over the common stock trading price on August 27, the trading date immediately preceding the date on which Geneve initially proposed to acquire the company. Independence, through current subsidiaries, underwrites and distributes health, group disability and life, New York State DBL and paid family leave, and pet insurance. The transaction, announced on November 9, is subject to certain closing conditions.

The Paul, Weiss team includes corporate partner Jeffrey Marell and counsel Oliver Board and Jason Tyler; and litigation partner Andrew Gordon.