M&A Deal Summary

Benefitfocus Acquires Benefit Informatics

On August 10, 2010, Benefitfocus acquired information services company Benefit Informatics from Council Capital

Acquisition Highlights
  • This is Benefitfocus’ 1st transaction in the Information Services sector.
  • This is Benefitfocus’ 2nd transaction in the United States.
  • This is Benefitfocus’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2010-08-10
Target Benefit Informatics
Sector Information Services
Buyer(s) Benefitfocus
Sellers(s) Council Capital
Deal Type Add-on Acquisition

Target

Benefit Informatics

Jenks, Oklahoma, United States
Benefit Informatics, Inc. enables the efficient planning, management and analysis of employee benefit plans through the delivery of online proprietary applications and services to employers, insurance companies, third party administrators and brokers.

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Buyer(S) 1

Buyer

Benefitfocus

Charleston, South Carolina, United States
Category Company
Founded 2000
Sector Internet Software and Services
Employees1,100
Revenue 263M USD (2021)
DESCRIPTION
Entrance to Benefitfocus' campus in Charleston, South Carolina.
Entrance to Benefitfocus' campus in Charleston, South Carolina.

Benefitfocus is a provider of cloud-based benefits management software for consumers, employers, insurance carriers and brokers. Benefitfocus was formed in 2000 and is based in Charleston, South Carolina.

DEAL STATS #
Overall 2 of 3
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Oklahoma) 1 of 1
Country (United States) 2 of 3
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-17 BeliefNetworks

United States

BeliefNetworks, Inc. provides transforming real-time data – including consumer behavior, marketing campaign data and social networking conversations – into actionable knowledge for customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Tango Health

Austin, Texas, United States

Tango Health is a software and services company offering Affordable Care Act (ACA) compliance and benefits decision-support solutions. Tango Health was founded in 2008 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Council Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $7 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 3 of 13
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Oklahoma) 1 of 1
Country (United States) 3 of 13
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-21 EndoChoice Holdings

Alpharetta, Georgia, United States

EndoChoice, Inc. is a medtech company focused on the manufacturing and commercialization of platform technologies including endoscopic imaging systems, devices and infection control products and pathology services for specialists treating a wide range of gastrointestinal conditions, including colon cancer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-24 REACH Health

Alpharetta, Georgia, United States

REACH Health provides enterprise telemedicine systems for multiple specialties and settings of care, all supported on a common software platform. The REACH 5.0 platform is recognized for fostering collaboration between bedside clinicians and remote specialists through shared clinical workflows. The system is highly configurable, enabling physicians to tailor each consultation based on personal preferences and specialty-specific exams, clinical scales, and patient data. REACH Health was formed in 2006 and is based in Alpharetta, Georgia.

Buy -
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