M&A Deal Summary

Icario Acquires ChipRewards

On June 8, 2021, Icario acquired information technology company ChipRewards

Acquisition Highlights
  • This is Icario’s 2nd transaction in the Information Technology sector.
  • This is Icario’s 2nd transaction in the United States.
  • This is Icario’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-06-08
Target ChipRewards
Sector Information Technology
Buyer(s) Icario
Deal Type Add-on Acquisition

Target

ChipRewards

Birmingham, Alabama, United States
ChipRewards offers a fully configurable, enterprise-wide incentive and engagement platform, including targeted rewards and incentives, that provides a flexible solution for health plans. The platform's agility enables health plans to dynamically configure an unlimited number of health action engagement programs across highly diverse populations. ChipRewards was founded in 2007 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Icario

Minneapolis, Minnesota, United States
Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Icario is a health action company focused on connecting people to health. Icario uses pioneering behavioral research, data science, and our adaptive multi-channel platform to deliver personalization at scale for the most trusted healthcare organizations in all 50 states, including seven of the 10 largest health plans. Icario was founded in 2006 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 NovuHealth

Minneapolis, Minnesota, United States

NovuHealth is an operator of consumer engagement company, combining performance analytics, behavior science, and comprehensive technology solutions, the Company’s rewards and engagement programs enable health plans to increase high-value member activities improving member health and driving plan performance. NovuHealth was founded in 2010 and is based in Minneapolis, Minnesota.

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