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Reliance Global Group Completes Acquisition of Medigap Health Insurance Company

Acquisition grows the Company’s footprint across 47 states and expands offering within the Medicare supplement insurance market

LAKEWOOD, N.J.Jan. 11, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), which combines AI and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced that it has completed the previously announced acquisition of Medigap Health Insurance Company (“Medigap”) in an asset purchase transaction.

Medigap is an insurance brokerage company headquartered in Florida, specializing in Medicare supplement insurance.  Medigap generated revenue of approximately $7 million1 for the trailing twelve months ended September 30, 2021.

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