M&A Deal Summary

Bennie Acquires People 1st Health Strategies

On June 7, 2022, Bennie acquired business services company People 1st Health Strategies

Acquisition Highlights
  • This is Bennie’s 1st transaction in the Business Services sector.
  • This is Bennie’s 1st transaction in the United States.
  • This is Bennie’s 1st transaction in Indiana.

M&A Deal Summary
Date 2022-06-07
Target People 1st Health Strategies
Sector Business Services
Buyer(s) Bennie
Deal Type Add-on Acquisition

Target

People 1st Health Strategies

Fort Wayne, Indiana, United States
website
People 1st Health Strategies helps small to mid-size employers solve one of their toughest challenges: providing the right benefits to their workforces within their financial constraints. The organization pursues ways to implement health plan solutions that fit the situation while constantly evaluating each plan’s performance and improving the employer’s return. The People 1st team brings together expertise in underwriting, plan design, Third Party Administration (TPA) services, plan to fund, cash flow management, analysis of plan performance, and ACA compliance. People 1st Health Strategies is based in Fort Wayne, Indiana.

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Buyer(S) 1

Buyer

Bennie

New York, New York, United States

website

Category Company
Sector Internet Software and Services
DESCRIPTION

Bennie provides a modern, cost-effective approach to employee benefits with a user-friendly app and world-class brokerage services. The Bennie App serves as a go-to resource for employees and employers to access and understand benefits information. From viewing ID cards to finding in-network providers to browsing a voluntary benefits marketplace, Bennie members have up-to-date benefits information and tools at their fingertips. The company's healthcare concierge, Ask Bennie, is the ultimate tool for dedicated member support. Members can chat with Ask Bennie to get help with questions about open enrollment, benefits, bill negotiations/mistakes, finding providers, and more. Bennie is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

Legal