M&A Deal Summary

Sierra Health Services Acquires CII Financial

On June 13, 1993, Sierra Health Services acquired insurance company CII Financial for 86M USD

Acquisition Highlights
  • This is Sierra Health Services’ 1st transaction in the Insurance sector.
  • This is Sierra Health Services’ largest (disclosed) transaction.
  • This is Sierra Health Services’ 1st transaction in the United States.
  • This is Sierra Health Services’ 1st transaction in Nevada.

M&A Deal Summary

Date 1993-06-13
Target CII Financial
Sector Insurance
Buyer(s) Sierra Health Services
Deal Type Add-on Acquisition
Deal Value 86M USD

Target

CII Financial

Las Vegas, Nevada, United States
CII, through its wholly owned subsidiaries, California Indemnity Insurance Company and Commercial Casualty Insurance Company, is primarily engaged in writing workers' compensation insurance in California, Colorado, Nebraska, New Mexico and Utah.

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Buyer(S) 1

Buyer

Sierra Health Services

Las Vegas, Nevada, United States

website


Category Company
Founded 1984
Sector Healthcare Services
DESCRIPTION

Sierra Health Services, Inc. is a diversified healthcare company. Sierra provides and administers the delivery of managed care benefit plans for employers, government programs and individuals. Sierra defines managed healthcare as quality care delivered in an organized and cost-effective manner, requiring providers, insurers and members to work together.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (1993) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-25 Sierra Insurance Company of Texas

Dallas, Texas, United States

Sierra Insurance Company of Texas offers workers’ compensation insurance services.

Sell $80M