Add-on Acquisition • Insurance

Medical Mutual Acquires Paramount

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	3 of 3
Sector: Insurance	2 of 2
Type: Add-on Acquisition	2 of 2
State: Ohio	2 of 2
Country: United States	3 of 3
Year: 2024	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.	Buy	-

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.

Buy

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