M&A Deal Summary |
|
|---|---|
| Date | 2020-03-02 |
| Target | Coventry Workers Comp Services |
| Sector | Insurance |
| Buyer(s) | Genex |
| Sellers(s) | CVS Health |
| Deal Type | Divestiture |
SEARCH BY
Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector: Insurance M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Illinois M&A | 2 of 2 |
| Country: United States M&A | 11 of 11 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-03 |
Excel Managed Care & Disability Services
Sacramento, California, United States Excel Managed Care & Disability Services, Inc. is a provider of occupational & non-occupational medical case management, utilization review, and return-to-work services to employers, insurers, and claims administrators with employees covered by workers’ compensation, group health, and long-term disability. Excel Managed Care & Disability Services, Inc. was founded in 1992 and is based in Sacramento, California. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Healthcare Services |
| Employees | 219,000 |
| Revenue | 372.8B USD (2024) |
CVS Health operates retail pharmacies, and walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 4 of 6 |
| State: Illinois M&A | 1 of 2 |
| Country: United States M&A | 4 of 6 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-02 |
IlliniCare Health Plan - Medicaid and Medicare Advantage Business
Westmont, Illinois, United States IlliniCare Health Plan, Inc. - Medicaid and Medicare Advantage Business is one of the six managed care organizations participating in the Medicare-Medicaid Alignment Initiative (MMAI). This plan is available in the greater Chicagoland area. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-05 |
Signify Health
Dallas, Texas, United States Signify Health is a provider of in-home, technology-enabled healthcare services, partnering with health plans, pharma, and other risk-bearing organizations on its mission to improve quality of life by providing comprehensive care. Signify Health was founded in 2017 and is based in Dallas, Texas. |
Buy | $8.0B |
