HC2 Holdings, Inc. is a publicly traded (NYSE: HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across eight reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other. HC2’s largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York.
HC2 Company Overview
|08/09/18||HC2 Portfolio Company Continental General Insurance Completes Acquisition of $2.4 Billion Long-Term Care Insurance Business From Humana Inc.|
|Acquisition Significantly Increases Insurance Investment Portfolio to Approximately $3.8 Billion of Cash and Invested Assets
NEW YORK, Aug. 09, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. ("HC2") (NYSE: HCHC), a diversified holding company, announced today that its insurance subsidiary, Continental General Insurance Company ("CGIC"), has completed its acquisition of the long-term care ("LTC") insurance business KMG America Corporation ("KMG") from Humana Inc. (NYSE:HUM).
As of March 31, 2018... |
|08/08/18||HC2 Holdings Reports Second Quarter 2018 Results|
|Re-Affirms 2018 Guidance for Construction and Marine Services Segments
NEW YORK, Aug. 08, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today its consolidated results for the second quarter 2018, which ended on June 30, 2018.
“The second quarter was one of the best performing quarters over the past two years across our portfolio,” said Philip Falcone, HC2’s Chairman, President and Chief Executive Officer. “Our cor... |
|07/23/18||HC2 Holdings Sets Second Quarter 2018 Earnings Release Date and Webcast|
|NEW YORK, July 23, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE:HCHC), a diversified holding company, announced today that it will release its financial results for the second quarter 2018 on Wednesday, August 8, 2018 after the market closes.
The Company will host an earnings conference call reviewing these results and its operations the same day, beginning at 5:00 p.m. ET. Participating on the call will be Philip Falcone, the Company’s Chairman, President and CEO, Michael J. Sena, Ch... |
|07/09/18||Communications Strategy and Policy Expert Rebecca Hanson Joins HC2 Broadcasting Subsidiary|
|NEW YORK, July 09, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE:HCHC), a diversified holding company, announced today that Rebecca Hanson, formerly Senior Vice President, Strategy and Policy, for Sinclair Broadcast Group, will serve as Executive Vice President and General Counsel of HC2’s subsidiary HC2 Broadcasting Holdings Inc. (“HC2 Broadcasting”), effective today, July 9, 2018.
In this role, Ms. Hanson will be responsible for the legal and regulatory operations of HC2’s tel... |
|06/11/18||HC2 Completes Sale of Pansend Life Sciences Portfolio Company BeneVir Biopharm to Janssen Biotech, Inc. for Up to $1.04 Billion|
|NEW YORK, June 11, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE:HCHC), a diversified holding company, announced today that it has completed the sale of BeneVir Biopharm, Inc. (“BeneVir”), a privately-held biotechnology company developing oncolytic immunotherapies for the treatment of cancer, to Janssen Biotech, Inc. (“Janssen”).
In conjunction with the closing of the transaction, Janssen made an upfront cash payment of $140 million, of which HC2 received approximately $73 milli... |
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