M&A Deal Summary

Benefytt Acquires Secured Health & Life Insurances

On July 24, 2013, Benefytt acquired insurance company Secured Health & Life Insurances for 165M USD

Acquisition Highlights
  • This is Benefytt’s 1st transaction in the Insurance sector.
  • This is Benefytt’s largest (disclosed) transaction.
  • This is Benefytt’s 2nd transaction in the United States.
  • This is Benefytt’s 2nd transaction in Florida.

M&A Deal Summary
Date 2013-07-24
Target Secured Health & Life Insurances
Sector Insurance
Buyer(s) Benefytt
Deal Type Add-on Acquisition
Deal Value 165M USD

Target

Secured Health & Life Insurances

Fort Lauderdale,, Florida, United States
Secured Health and Life is a health and life insurance markets.and is licensed to market and to sell health and life insurance.

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Buyer(S) 1

Buyer

Benefytt

Tampa, Florida, United States
Category Company
Founded 2012
Sector Internet Software and Services
Revenue 351M USD (2018)
DESCRIPTION

Benefytt is a health insurance technology company that primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. By leveraging existing and emerging platforms and technologies, the Company offers a range of Medicare-related insurance plans from many of the nation’s leading carriers as well as other types of health insurance and supplemental products that meet the needs of consumers. Benefytt was formed in 2012 and is based in Tampa, Florida.

DEAL STATS #
Overall 2 of 4
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Florida) 2 of 2
Country (United States) 2 of 4
Year (2013) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-17 Sunrise Group Marketing

Plantation, Florida, United States

Sunrise Group Marketing, Inc. is a operator of call center and sales lead management company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-14 HealthPocket

Sunnyvale, California, United States

HealthPocket, Inc. is a technology company that aggregates vast amounts of government, non-profit and private data to provide unbiased information and creates powerful tools for consumers to compare and rank health insurance plans.

Buy $32M
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