M&A Deal Summary

Allied Benefit Systems Acquires Medxoom

On July 18, 2023, Allied Benefit Systems acquired software company Medxoom

Acquisition Highlights
  • This is Allied Benefit Systems’ 1st transaction in the Software sector.
  • This is Allied Benefit Systems’ 1st transaction in the United States.
  • This is Allied Benefit Systems’ 1st transaction in Georgia.

M&A Deal Summary

Date 2023-07-18
Target Medxoom
Sector Software
Buyer(s) Allied Benefit Systems
Deal Type Add-on Acquisition

Target

Medxoom

Atlanta, Georgia, United States
Medxoom is a digital health benefits integration and payments platform with over 2,000 employers. The founders of Medxoom are tech startup veterans in the mobile and FinTech industries, having received recognition as the #1 AWS Amazon Startup of the Year for a retail digital transaction network. Medxoom is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Allied Benefit Systems

Chicago, Illinois, United States

Category Company
Founded 1980
Sector Insurance
DESCRIPTION

Allied Benefit Systems is an independent third-party administrator of group health benefits to self-insured employers. Allied provides customized benefits solutions, medical management and cost control strategies to self-insured employer groups across the U.S. The company offers a broad array of network options, pharmacy solutions and care management strategies to enable its customers to reduce costs and drive improved member satisfaction. Allied Benefit Systems was founded in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1