M&A Deal Summary

Globe Life Acquires Evry Health

On October 13, 2023, Globe Life acquired insurance company Evry Health

Acquisition Highlights
  • This is Globe Life’s 5th transaction in the Insurance sector.
  • This is Globe Life’s 4th transaction in the United States.
  • This is Globe Life’s 2nd transaction in Texas.

M&A Deal Summary

Date 2023-10-13
Target Evry Health
Sector Insurance
Buyer(s) Globe Life
Deal Type Add-on Acquisition

Target

Evry Health

Dallas, Texas, United States
Evry Health is a business-to-business health insurance company that differentiates itself from traditional PPOs and HMOs by lowering the cost of healthcare through software automation with a mobile-first experience. Evry Health was formed in 2017 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Globe Life

McKinney, Texas, United States

Category Company
Founded 1979
Sector Insurance
Employees3,636
Revenue 5.8B USD (2024)
DESCRIPTION
Entrance to Torchmark's corporate headquarters in Mckinney, Texas.
Entrance to Torchmark's corporate headquarters in Mckinney, Texas.

Globe Life is a holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Globe Life was founded in 1979 and is based in Mckinney, Texas.


DEAL STATS #
Overall 5 of 5
Sector: Insurance M&A 5 of 5
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Beazley Benefits

London, United Kingdom

Beazley Benefits is specializes in customized supplemental health solutions for the employee benefits market, with a product line that includes Supplemental Medical, Group Limited Indemnity, Critical Illness, Short Term Disability, and Accidental Death & Dismemberment. Beazley Benefits is based in London, United Kingdom.

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