 Independence Holding Company IHC announced today that it has commenced a tender offer to purchase up to 1,000,000 shares of its common stock at a price per share of 27.00, net to the seller in cash, without interest, less any applicable withholding taxes the Purchase Price. The maximum number of shares proposed to be purchased in the tender offer represents approximately 6.8 of the 14,785,565 shares of IHC common stock outstanding as of April 24, 2020 and involves a gross aggregate purchase price of 27 million, assuming the maximum number of shares are tendered. The tender offer will expire at 5:00 p.m., Eastern time, on Thursday, May 21, 2020, unless extended by IHC. 