1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. New Jersey >
  6. Canopy Financial Acquires CareGain

M&A Deal Summary

Canopy Financial Acquires CareGain

On October 1, 2008, Canopy Financial acquired healthcare services company CareGain from Fiserv

Acquisition Highlights
  • This is Canopy Financial’s 1st transaction in the Healthcare Services sector.
  • This is Canopy Financial’s 1st transaction in the United States.
  • This is Canopy Financial’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2008-10-01
Target CareGain
Sector Healthcare Services
Buyer(s) Canopy Financial
Sellers(s) Fiserv
Deal Type Divestiture

Target

CareGain

Plainsboro, New Jersey, United States
CareGain enables health plans to flexibly, rapidly and cost-effectively create and administer consumer-directed health plans, while leveraging their own internal systems and infrastructure. The company's platform enables sophisticated plan designs through the use of multiple account structures.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Canopy Financial

San Francisco, California, United States
Category Company
Founded 2004
Sector Technology Hardware
DESCRIPTION

Canopy Financial, Inc. provides technology services electronic payment.

DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Fiserv

Milwaukee, Wisconsin, United States
Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 20.5B USD (2024)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv provides information management and electronic commerce systems for the financial services industry, offering integrated technology and services that create value and results for clients. Clients include banks, credit unions, and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 2 of 9
Sector: Healthcare Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 8
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 CheckFree

Norcross, Georgia, United States

CheckFree Corp. is a provider of financial electronic commerce services and products, including electronic bill payment and internet banking.

Buy $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-03 The Data Center

Grapevine, Texas, United States

The Data Center core banking system, which is available for either outsourced or in-house account processing, and offers products and associated consulting services for virtually every banking function.

Buy -
Mergr

Solution for

Product

Company

Legal