INTEL HAS JUST BOUGHT IN !!!!!!!
EAST NORRITON, Pa.--(BUSINESS WIRE)--July 15, 1999-- HealthAxis.com, a leading online insurance marketer and a subsidiary of Provident American Corporation PAMC , today announced that Intel Corporation has made an investment in the Company.
Including the Intel investment, HealthAxis.com has raised a total of nearly $20 million in funding in 1999. Intel joins a portfolio of HealthAxis.com investors that includes America Online AOL , First Health Corporation FHCC , Tudor Investment Corporation, and UICI Corporation UCI , among others.
HealthAxis.com is a national "digital insurance agency," distributing health and related insurance products, as well as informational content, via the World Wide Web to both individuals and small groups. The company enables users to browse for information, get quotes, apply for and buy health insurance products online much more efficiently than through the traditional sales process. The company markets its service at www.healthaxis.com, and through a network of exclusive marketing agreements with America Online, Lycos, CNET and Snap!
Michael Ashker, President and Chief Executive Officer of HealthAxis.com, said: "HealthAxis.com has built a robust, customer-focused service that makes buying insurance a much better consumer experience while drastically reducing many of the most costly and inefficient processes in the current distribution system. The insurance industry is about to undergo a major technology-driven overhaul, and HealthAxis will play a leading role as the Internet wave sweeps the insurance industry." |
