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Sierra To Sell W.C. Subsidiary

Sierra To Sell W.C. SubsidiaryNU Online News Service, Dec. 1 <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> , 2003, 12:25 p.m. EST?Sierra Health Services ...

By Staff Writer | Updated on March 25, 2003

Sierra To Sell W.C. Subsidiary

NU Online News Service, Dec. 1 , 2003, 12:25 p.m. EST?Sierra Health Services Inc., Las Vegas, said it has agreed to sell its workers’ compensation subsidiary, California Indemnity Insurance Company Inc., to Folksamerica Holdings Company Inc., for $15.5 million in cash up front and up to $64 million in performance-based payments.[@@]

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