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HighwaytoHealth.com and its wholly owned subsidiary Worldwide Insurance Services, Inc. (HTH/WIS) announced today their acquisition of a major book of educational institution health insurance business from Hinchcliff International Group Services, Inc., a subsidiary of HCC Insurance Holdings, Inc., covering international students, scholars and trainees around the World. HTH/WIS will be providing health insurance for approximately 30,000 students, scholars and trainees from over 150 educational institutions (universities and foundations) and governmental agencies throughout the World. This acquisition makes HTH/WIS one of the largest providers of health insurance for this international market segment in the World. Program participants will have access to HTH's on-line information, global access to providers and insurance programs. Angelo Masciantonio, CEO of HTH, stated "This transaction is an important step toward HTH's goal of becoming the e-source for worldwide healthcare and specialty insurance access and coverage. We see the international student medical insurance business as a major growth area. There are approximately 500,000 international students, scholars and government trainees in the United States whose visas will require that they have health insurance commencing January 1, 2001. Through this acquisition, HTH/WIS is uniquely positioned to capitalize on this government mandated market opportunity." HTH/WIS will distinguish itself in this market with multi-lingual customer service, online and toll-free appointment scheduling services to HTH/WIS' network of 19,000 doctors in 85 countries, drug and medical phrases translation databases and it's internationally acclaimed web-based CityHealth Profiles(sm). HighwaytoHealth.com provides critical healthcare information, global access to quality healthcare providers and supplementary health insurance programs worldwide. HTH's innovative insurance programs are designed to provide access to high quality and appropriate medical care around the World. HighwaytoHealth.com reaches millions of individuals through its relationships with online and legacy corporations, educational institutions, health insurers, travel and major affinity organizations. Existing partnerships include WellPoint Health Networks, Inc., iVillage.com, CNA and 1travel.com. Based in Radnor, PA, USA, HighwaytoHealth is a privately held company. |