M&A Deal Summary

HealthSmart Holdings Acquires Wells Fargo Third Party Administrators

On October 19, 2011, HealthSmart Holdings acquired insurance company Wells Fargo Third Party Administrators from Wells Fargo Insurance Services USA

Acquisition Highlights
  • This is HealthSmart Holdings’ 2nd transaction in the Insurance sector.
  • This is HealthSmart Holdings’ 2nd transaction in the United States.
  • This is HealthSmart Holdings’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2011-10-19
Target Wells Fargo Third Party Administrators
Sector Insurance
Buyer(s) HealthSmart Holdings
Sellers(s) Wells Fargo Insurance Services USA
Deal Type Divestiture

Target

Wells Fargo Third Party Administrators

Charleston,, West Virginia, United States
Wells Fargo Third Party Administrators offers employee benefits and claims administration services for employers.

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Buyer(S) 1

Buyer

HealthSmart Holdings

Irving, Texas, United States
Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

HealthSmart is unique for its ability to integrate care management services including wellness, pharmacy benefit management and business intelligence.

DEAL STATS #
Overall 2 of 4
Sector (Insurance) 2 of 3
Type (Divestiture) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 2 of 4
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-24 The Chandler Group of Companies

Stow, Ohio, United States

The Chandler Group of Companies, Inc., provides health insurance plan management products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 Mutual Assurance Administrators

Oklahoma City, Oklahoma, United States

Mutual Assurance Administrators Inc. is a third-party administrator specializing in management of employer sponsored benefit programs. Company offers claims administration for self-funded benefit plans, URAC accredited medical management programs, FSA administration as well as other services, including workers’ compensation administration.

Buy -

Seller(S) 1

SELLER

Wells Fargo Insurance Services USA

Chicago, Illinois, United States
Category Company
Sector Insurance
DESCRIPTION

Wells Fargo Insurance Services USA (WFIS) is an insurance provider. The Business has a variety of product lines and services including Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty, along with Safehold Special Risk, Small Business Insurance, Student Insurance, Individual Health and Private Risk Management Insurance.

DEAL STATS #
Overall 2 of 4
Sector (Insurance) 2 of 4
Type (Divestiture) 2 of 4
State (West Virginia) 1 of 1
Country (United States) 2 of 4
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Procomp Benefit Resources

Hazlet, New Jersey, United States

Procomp Benefit Resources, Inc., is a full-service brokerage and consulting firm providing employee benefits, voluntary benefits, individual life and disability, and retirement services to middle-market and large employers focused on improving health and lowering the overall cost of healthcare.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-28 Wells Fargo Insurance Brokerage Operations in Lubbock

Lubbock, Texas, United States

Wells Fargo Insurance Brokerage Operations in Lubbock comprises the insurance brokerage business operations.

Sell -
Mergr

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