M&A Deal Summary

AccuRisk Solutions Acquires Matrix Group Benefits

On February 9, 2023, AccuRisk Solutions acquired insurance company Matrix Group Benefits

Acquisition Highlights
  • This is AccuRisk Solutions’ 3rd transaction in the Insurance sector.
  • This is AccuRisk Solutions’ 4th transaction in the United States.
  • This is AccuRisk Solutions’ 1st transaction in Maine.

M&A Deal Summary
Date 2023-02-09
Target Matrix Group Benefits
Sector Insurance
Buyer(s) AccuRisk Solutions
Deal Type Add-on Acquisition

Target

Matrix Group Benefits

Falmouth, Maine, United States
Matrix Group Benefits approaches Medical Stop Loss for Partially Self-Funded Plans from a financial planning perspective using a multiple-year financial model. Its products and services were developed with top-level expertise in healthcare delivery, direct stop-loss carrier product and marketing management, Managing General Underwriting operations, and top accounting and financial management leadership. Matrix Group Benefits was formed in 2001 and is based in Falmouth, Maine.

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Buyer(S) 1

Buyer

AccuRisk Solutions

Chicago, Illinois, United States
Category Company
Founded 2017
Sector Insurance
DESCRIPTION

AccuRisk Solutions is a managing general underwriter specializing in medical stop loss, occupational accident, and supplemental health products for small and mid-sized businesses. AccuRisk Solutions was founded in 2017 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Maine) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Tandem Medical Solutions

Columbia, South Carolina, United States

Tandem Medical Solutions offers medical GAP Insurance solutions designed to reimburse employees for medical expenses that track towards their deductible and out-of-pocket amounts. Tandem Medical Solutions is based in Columbia, South Carolina.

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