Add-on Acquisition • Information Technology

AXA Acquires Maestro Health

On January 22, 2018, AXA acquired information technology company Maestro Health for 155M USD

Acquisition Context
  • This is AXA’s 1st transaction in the Information Technology sector.
  • This is AXA’s 4th largest (disclosed) transaction.
  • This is AXA’s 3rd transaction in the United States.
  • This is AXA’s 1st transaction in Illinois.
Investment Fate
  • Maestro Health was divested to a consortium of strategic buyers in 2022.

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M&A Deal Summary

Date January 22, 2018
Target Maestro Health
Sector Information Technology
Buyer(s) AXA
Deal Type Add-on Acquisition
Deal Value 155M USD

Target Company

Maestro Health

Highland Park, Illinois, United States
Maestro Health is a provider of digital integrated platform encompassing a full set of health benefit administration services and third-party administrator services for self-insured companies, including care coordination solutions for employees, enabling companies to be more effective in lowering healthcare costs and empowering employees to make better health-related choices. Maestro Health was founded in 2013 and is based in Highland Park, Illinois.
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Buyer Overview 1

Buyer

AXA

Paris, France

Category Company
Founded 1852
Sector Insurance
Employees100,041
Revenue 89.8B EUR (2024)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. The Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.


Deal Context for Buyer #
Overall 11 of 15
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 5 of 7
State: Illinois 1 of 1
Country: United States 3 of 3
Year: 2018 1 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 Bluefin Insurance Group

London, United Kingdom

Bluefin Insurance Group Ltd. is an insurance broker provides services to private individuals, small businesses, and large corporates in the UK, employing approximately 1,500 colleagues based in 45 locations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 XL Group

Hamilton, Bermuda

XL Group plc is a insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.

Buy $15.3B