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A subsidiary, subsidiary company, or daughter company [1] [2] [3] is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company.
The parent company–subsidiary company relationship is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001, which states: [6] A body corporate (in this section called the first body) is a subsidiary of another body corporate if, and only if: (a) the other body: (i) controls the composition of the first body's board; or
Since Optum's founding in 2011, the company has acquired various healthcare technology services to build out its pharmacy benefit manager and care services offerings. April 2011 : UnitedHealth Group announces Optum master brand, bringing together pharmacy services, data & analytics tools, and care delivery services under one roof.
In a typical Pac-man defense a target company in the takeover bid will threaten to take over the acquirer and start buying its shares. Parent Company A company which owns or controls subsidiary companies by means of owning a majority of voting shares. A parent company usually has a business of its own. Poison pill
Cigna was formed by the 1982 merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of Insurance Company of North America, the first stock insurance company in America). [7] The company name, Cigna, is a mix of letters from the merging companies, CG and INA. [8] Insurance Company of North ...
The company took just over two years since its listing to be included in the Nasdaq-100 Index on Aug. 24, 2020, joining the likes of Apple, Microsoft, Amazon, Netflix and Tesla on the stock benchmark.
Oscar Health, Inc. is an American health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi and Mario Schlosser, and is headquartered in New York City. [2] [3] The company focuses on the health insurance industry through telemedicine, healthcare focused technological interfaces, and transparent claims pricing systems which would make it easier for patients to navigate.
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