White Mountains To Acquire 50% Stake in DavidShield
DavidShield is the leading provider of expatriate medical insurance to individuals and corporations in Israel. Like PassportCard, DavidShield's proprietary technology and delivery systems allow its customers to access healthcare coverage across the globe, without paying any out-of-pocket expenses or submitting claims forms. DavidShield's solutions provide an exceptional, highly-differentiated customer experience that has earned the Company numerous accolades and awards over the years, including the 2014 and 2016 Expatriate Management and Mobility Award, which recognizes the industry's most innovative uses of technology.
Alon Ketzef, founder and CEO of DavidShield, said: "White Mountains shares our vision to revolutionize the travel and expatriate medical insurance experience around the world through innovations in technology and service. Their investment is a validation of the tremendous opportunities we see ahead."
The transaction is subject to regulatory approvals and other customary closing conditions.
About DavidShield
DavidShield is a leader in technological solutions for the health insurance and healthcare management industries. The Company has a strong worldwide presence, with offices throughout
About PassportCard
Based in the
About White Mountains
White Mountains is a
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This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this press release which address activities, events or developments which White Mountains expects or anticipates will or may occur in the future are forward-looking statements. The words "will," "believe," "intend," "expect," "anticipate," "project," "estimate," "predict" and similar expressions are also intended to identify forward-looking statements. These forward-looking statements include, among others, statements with respect to White Mountains:
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CONTACT:
Todd Pozefsky
(203) 458-5807
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