Delta Township's FinCor Holdings Inc., which insures hospitals, health care facilities and physicians reports second-quarter earnings are up 77 percent.
"The privately owned health care risk management and insurance provider said Tuesday it earned $4.8 million, or $7.74 per diluted share, for the three-month period that ended June 30. That was up from a profit of $2.7 million, or $4.57 per diluted share, one year earlier. Officials said the growth was led largely by FinCor's October 2006 purchase of Washington Casualty Co. and its takeover in May of the Insurance Services and Employee Safety and Disability Management divisions of MHA Service Corp. FinCor also had a 95 percent retention rate of its hospital and facility business."
FinCor has 125 employees in its Lansing office. . . .
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