M&A Deal Summary

Cigna Acquires Choicelinx

On August 1, 2005, Cigna acquired internet software and services company Choicelinx from Coppermine Capital

Acquisition Highlights
  • This is Cigna’s 1st transaction in the Internet Software and Services sector.
  • This is Cigna’s 1st transaction in the United States.
  • This is Cigna’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2005-08-01
Target Choicelinx
Sector Internet Software and Services
Buyer(s) Cigna
Sellers(s) Coppermine Capital
Deal Type Add-on Acquisition

Target

Choicelinx

Hooksett, New Hampshire, United States
Choicelinx Corp. is a benefits technology and services company specializing in a new generation of Web-based and consumer focused benefits products for the health insurance industry.

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Buyer(S) 1

Buyer

Cigna

Bloomfield, Connecticut, United States

Category Company
Founded 1792
Sector Healthcare Services
Employees71,295
Revenue 244.4B USD (2024)
DESCRIPTION
Cigna office in Pittsburgh, Pennsylvania.
Cigna office in Pittsburgh, Pennsylvania.

Cigna is a health services organization. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance. Cigna dates back to 1792 and is based in Bloomfield, Connecticut.


DEAL STATS #
Overall 1 of 14
Sector: Internet Software and Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 11
State: New Hampshire M&A 1 of 1
Country: United States M&A 1 of 10
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-11 Star HRG

Phoenix, Arizona, United States

Star HRG, Inc. is a provider of voluntary, limited benefit, low-cost health plans and other employee benefits coverage for hourly and part-time workers and their families.

Buy -

Seller(S) 1

SELLER

Coppermine Capital

Concord, Massachusetts, United States

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Coppermine Capital LLC is a private investment firm that invests in small to mid-size manufacturing and service companies located in the US and Canada. Coppermine focuses on companies with strong management teams and unique market positions with revenues between $5 and $25 million and EBITDA greater than $1 million. Coppermine invests in the range of $2 to $8 million per transaction. The Firm will consider a variety of transaction types, including buyouts, growth capital, recapitalizations and corporate divestitures. Coppermine Capital LLC was formed in 2002 and is based in Concord, Massachusetts.


DEAL STATS #
Overall 1 of 7
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 5
State: New Hampshire M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Hunter MFG

Lexington, Kentucky, United States

Hunter MFG LLP is a designer, manufacturer, and distributor of licensed sports collectibles. Hunter MFG was founded in 1988 and is based in Lexington, Kentucky.

Buy -