M&A Deal Summary

Ally Acquires Health Credit Services

On October 1, 2019, Ally acquired financial services company Health Credit Services

Acquisition Highlights
  • This is Ally’s 1st transaction in the Financial Services sector.
  • This is Ally’s 2nd transaction in the United States.
  • This is Ally’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2019-10-01
Target Health Credit Services
Sector Financial Services
Buyer(s) Ally
Deal Type Add-on Acquisition

Target

Health Credit Services

Sioux Falls, South Dakota, United States
Health Credit Services LLC is a technology-driven, patient financing company that partners with medical providers to offer patient financing for products and procedures not covered by insurance. The company began offering point-of-sale healthcare loans in 2014 and presently services a variety of medical providers across a broad spectrum of needs, including, cosmetics, dental, audiology, orthopedic, vision, and fertility. Health Credit Services is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Ally

Detroit, Michigan, United States
Category Company
Founded 1919
Sector Financial Services
Employees11,100
Revenue 9.1B USD (2023)
DESCRIPTION

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (South Dakota) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 TradeKing Group

Charlotte, North Carolina, United States

TradeKing Group, Inc. is an online broker/dealer for self-directed investors looking for a powerful, modern trading platform at a simple, low price1. TradeKing Advisors is an SEC registered investment advisor, offers investors a range of affordable, professionally-managed portfolios through an automated and fully-transparent online process, while TKconnect, LLC aims to provide an extensive set of educational, informative and entertaining content and social collaboration channels.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 FSF

Wilmington, Delaware, United States

FSF has focused on providing products that improve the financial future of customers via leading-edge technology and proprietary, analytics-based underwriting. FSF was founded in 2016 and is based in Wilmington, Delaware.

Buy $750M
Mergr

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