Thrivent acquires Newman Long Term Care
Thrivent Financial signed a purchase agreement earlier this month to acquire Newman Long Term Care.
Thrivent acquires Newman Long Term Care Thrivent Financial signed a purchase agreement earlier this month to acquire Newman Long Term Care. Check out this story on postcrescent.com: http://post.cr/1ak16AA
Published 3:33 p.m. CT April 1, 2015 | Updated 3:36 p.m. CT April 1, 2015
APPLETON – Thrivent Financial signed a purchase agreement earlier this month to acquire Newman Long Term Care and the transaction should be complete this summer.
With similar values and reputations for service, Thrivent and Newman Long Term Care will join to train and maintain insurance specialists and help consumers plan for their long term care needs.
The agreement is designed to keep NLTC as an autonomous subsidiary of Thrivent Financial. Thrivent financial representatives will benefit from additional support, skill and expertise to help more members develop long-term care plans. NLTC will continue to operate out of its Richfield, Minn. offices offering a variety of long term care products through its relationships with independent agents, brokers and other organizations.
"Newman Long Term Care has a storied history of success," said Knut Olson, senior vice president of Mission Advancement at Thrivent. "Thrivent has always had the utmost respect and admiration for Deb Newman and her organization and we're excited to leverage their expertise and technology as we continue to help our members be wise with money and live generously."
"This is a dream scenario for our organization," said Deb Newman, CEO at Newman Long Term Care. "With the financial backing and resources of Thrivent, our current team can ensure our customers and agents will continue to receive the service and expertise we've prided ourselves on for the past 25 years well into the future."
Thrivent will acquire NLTC through a subsidiary, Thrivent Insurance Agency Inc. The relationship between Thrivent Financial and NLTC dates back to 2014 when they entered into an agreement to bring Thrivent's long term care product to the independent brokerage market.
Read or Share this story: http://post.cr/1ak16AA
Thrivent acquires Newman Long Term Care
Thrivent Financial signed a purchase agreement earlier this month to acquire Newman Long Term Care.
Thrivent acquires Newman Long Term Care Thrivent Financial signed a purchase agreement earlier this month to acquire Newman Long Term Care. Check out this story on postcrescent.com: http://post.cr/1ak16AA
Published 3:33 p.m. CT April 1, 2015 | Updated 3:36 p.m. CT April 1, 2015
APPLETON – Thrivent Financial signed a purchase agreement earlier this month to acquire Newman Long Term Care and the transaction should be complete this summer.
With similar values and reputations for service, Thrivent and Newman Long Term Care will join to train and maintain insurance specialists and help consumers plan for their long term care needs.
The agreement is designed to keep NLTC as an autonomous subsidiary of Thrivent Financial. Thrivent financial representatives will benefit from additional support, skill and expertise to help more members develop long-term care plans. NLTC will continue to operate out of its Richfield, Minn. offices offering a variety of long term
 care products through its relationships with independent agents, brokers and other organizations.
"Newman Long Term Care has a storied history of success," said Knut Olson, senior vice president of Mission Advancement at Thrivent. "Thrivent has always had the utmost respect and admiration for Deb Newman and her organization and we're excited to leverage their expertise and technology as we continue to help our members be wise with money and live generously."
"This is a dream scenario for our organization," said Deb Newman, CEO at Newman Long Term Care. "With the financial backing and resources of Thrivent, our current team can ensure our customers and agents will continue to receive the service and expertise we've prided ourselves on for the past 25 years well into the future."
Thrivent will acquire NLTC through a subsidiary, Thrivent Insurance Agency Inc. The relationship between Thrivent Financial and NLTC dates back to 2014 when they entered into an agreement to bring Thrivent's long term care product to the independent brokerage market.
Read or Share this story: http://post.cr/1ak16AA