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  6. Medical Mutual Acquires Paramount

M&A Deal Summary

Medical Mutual Acquires Paramount

On January 29, 2024, Medical Mutual acquired insurance company Paramount

Acquisition Highlights
  • This is Medical Mutual’s 2nd transaction in the Insurance sector.
  • This is Medical Mutual’s 3rd transaction in the United States.
  • This is Medical Mutual’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2024-01-29
Target Paramount
Sector Insurance
Buyer(s) Medical Mutual
Deal Type Add-on Acquisition

Target

Paramount

Maumee, Ohio, United States
Paramount is a health insurance company that offers health insurance to both large and small groups, fully insured and self-insured in northwest Ohio and southeast Michigan. Paramount is based in Maumee, Ohio.

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Buyer(S) 1

Buyer

Medical Mutual

Cleveland, Ohio, United States
Category Company
Founded 1934
Sector Insurance
DESCRIPTION

Medical Mutual is a provider of personal health insurance plans, and third-party administrative services to self-insured group customers. Medical Mutual was founded in 1934 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ohio M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Reserve National Insurance

Oklahoma, Oklahoma, United States

Reserve National Insurance offers a variety of hospital, surgical, accident, supplemental, specified disease and life insurance plans. Reserve National Insurance was founded in 1956 and is based in Oklahoma City.

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