M&A Deal Summary

Marpai Health Acquires Maestro Health

On August 4, 2022, Marpai Health acquired information technology company Maestro Health from AXA

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

M&A Deal Summary
Date 2022-08-04
Target Maestro Health
Sector Information Technology
Buyer(s) Marpai Health
Sellers(s) AXA
Deal Type Divestiture

Target

Maestro Health

Highland Park, Illinois, United States
Maestro Health is a provider of digital integrated platform encompassing a full set of health benefit administration services and third-party administrator services for self-insured companies, including care coordination solutions for employees, enabling companies to be more effective in lowering healthcare costs and empowering employees to make better health-related choices. Maestro Health was founded in 2013 and is based in Highland Park, Illinois.

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Buyer(S) 1

Buyer

Marpai Health

Tampa, Florida, United States
Category Company
Founded 2021
Sector Healthcare Services
Employees162
Revenue 37M USD (2023)
DESCRIPTION

Marpai Health is a SMART Health Plans Service System to improve health outcomes and radically reduce healthcare costs for self-insured companies and their employees. Marpai Health was founded in 2021 and is based in Tampa, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Continental Benefits

Tampa, Florida, United States

Continental Benefits is a national healthcare payer and acts as a third-party administrator or “TPA” handling all administrative aspects of providing healthcare to self-insured employer groups. It provides best-in-class programs with a focus on improving health while emphasizing quality and transparency. Continental Benefits was founded in 2013 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

AXA

Paris, France
Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.

DEAL STATS #
Overall 15 of 15
Sector (Information Technology) 1 of 1
Type (Divestiture) 14 of 14
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 AXA Insurance

Athens, Greece

AXA Insurance is an insurance company that offers a broad suite of products to more than 600,000 customers. It has 249 employees and distributes its products through a diversified distribution mix consisting of an exclusive bancassurance partnership with Alpha Bank, agents, brokers as well as direct distribution channels.

Sell $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Port Adhoc

Paris, France

Port Adhoc is a provider of management and construction of infrastructure dedicated to the pleasure boating. Port Adhoc was founded in 2004 and is based in Paris, France.

Buy -
Mergr

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