Illumifin, an insurance third-party administration and software provider based in Greenville, announced Feb. 24 it will acquire LTCG, an administrative solutions and clinical services provider to the long-term care insurance industry, for an undisclosed sum.
“The integration of illumifin and LTCG will deliver superior value to customers through our deep insurance knowledge, technology innovation and operational excellence,” said illumifin CEO Phil Ratcliff. “The combined company will be a true market innovator with unparalleled depth and capabilities to assist insurers as they continue their digital transformations.”
The transaction is expected to close within the next 60 days.
