Reliance Acquires Majority Stake in Scentech, Expanding into Health-Tech Sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
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Source: Benzinga
- Acquisition Announcement: Reliance Global Group has announced the acquisition of a majority stake in Israeli diagnostics company Scentech, marking its first investment in the health-tech ecosystem, despite none of Scentech's products being commercially approved yet.
- Strategic Positioning: This acquisition will serve as the inaugural asset for Reliance's newly established technology investment arm, Ezra International Group, indicating the company's commitment to the health-tech sector and its potential for future growth.
- Market Reaction: Following the announcement, Reliance's stock fell by 4.93% to $0.58, reflecting market caution regarding the acquisition and potentially impacting the company's short-term stock performance.
- Future Outlook: CEO Ezra Beyman stated that through the acquisition of Scentech, Reliance aims to expand its influence in the health-tech field, which, if successfully developed and commercialized, could provide new growth opportunities for the company.
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About RELI
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. It focuses on growing by pursuing acquisition strategies and focused on wholesale and retail insurance agencies. Its business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies with an entire suite of business development tools. Its business-to-consumer platform, 5minuteinsure.com (5MI), utilizes artificial intelligence and data mining to provide online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. It has added Ethereum to its financial holdings. It focuses on identifying specific risk to reward arbitrage opportunities and developing these on a national platform, and identifying and acquiring undervalued wholesale and retail insurance agencies with operations in growing or underserved segments. It owns Solana, the native token of the Solana blockchain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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