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BRIEF-Triple-S Management says unit entered into master services agreement with Optuminsight
August 30, 2017 / 9:00 PM / a month ago

BRIEF-Triple-S Management says unit entered into master services agreement with Optuminsight

Aug 30 (Reuters) - Triple-s Management Corp:

* Triple-S Management Corp - unit entered into a master services agreement with Optuminsight Inc - sec filing

* Triple-S Management - agreement will be effective as of August 31, 2017 and shall have an initial term of ten years

* Triple-S Management - Triple-s has right to extend term of agreement for two additional one year terms

* Triple-S Management - ‍in event triple-s terminates agreement, Triple-S shall pay optum termination fee that fluctuates between $250,000 and $11.25 million

* Triple-S Management-as compensation for services provided under agreement, triple-s expects to pay optum about $260 million during initial ten year term of agreement

* Triple-S Management-expects certain employees of its data processing services affiliate, Interactive Systems Inc., will become employees of optum Source text for Eikon: Further company coverage:

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