San Juan-based Syndicate Holding Corp. is buying HSBC Holdings PLC’s United Kingdom motor vehicle insurance division for $110 million in cash, the latter company announced Monday.
MCS-HMO, the private company that for the past nine months managed MI Salud health benefits throughout most of the island, presented documentation Monday confirming it is owed $242.6 million in payments and premiums by the Health Services Administration, known as ASES in Spanish.
Sony Puerto Rico is looking to expand its local footprint, and generate opportunities for island entrepreneurs in the process, by franchising its Sony Style retail operation to open three new stores starting late 2012, News is my Business has learned.