M&A Deal Summary

Great-West Lifeco Acquires ClaimSecure

On July 13, 2021, Great-West Lifeco acquired healthcare services company ClaimSecure

Acquisition Highlights
  • This is Great-West Lifeco’s 1st transaction in the Healthcare Services sector.
  • This is Great-West Lifeco’s 1st transaction in Canada.
  • This is Great-West Lifeco’s 1st transaction in Ontario.

M&A Deal Summary

Date 2021-07-13
Target ClaimSecure
Sector Healthcare Services
Buyer(s) Great-West Lifeco
Deal Type Add-on Acquisition

Target

ClaimSecure

Mississauga, Ontario, Canada
ClaimSecure is a healthcare management firm that provides health and dental claim management services to private and public businesses. ClaimSecure is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Great-West Lifeco

Winnipeg, Manitoba, Canada

Category Company
Founded 1891
Sector Insurance
Employees33,500
Revenue 34.7B CAD (2024)
DESCRIPTION

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco was incorporated in 1891 and is headquartered in Winnipeg, Manitoba.


DEAL STATS #
Overall 3 of 3
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Retirement Advantage

London, United Kingdom

Retirement Advantage is a well-established company that can trace its roots back to 1852. Company provide those who are in, at or approaching retirement with a range of simple, secure and flexible products to suit their needs.

Buy -