1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. New York >
  6. Nassau Financial Group Acquires Universal American - Traditional Insurance Business

M&A Deal Summary

Nassau Financial Group Acquires Universal American - Traditional Insurance Business

On August 3, 2016, Nassau Financial Group acquired insurance company Universal American - Traditional Insurance Business from Universal American for 31M USD

Acquisition Highlights
  • This is Nassau Financial Group’s 2nd transaction in the Insurance sector.
  • This is Nassau Financial Group’s 2nd largest (disclosed) transaction.
  • This is Nassau Financial Group’s 2nd transaction in the United States.
  • This is Nassau Financial Group’s 1st transaction in New York.

M&A Deal Summary
Date 2016-08-03
Target Universal American - Traditional Insurance Business
Sector Insurance
Buyer(s) Nassau Financial Group
Sellers(s) Universal American
Deal Type Divestiture
Deal Value 31M USD

Target

Universal American - Traditional Insurance Business

White Plains, New York, United States
Universal American Corp. - Traditional Insurance Business consists of a closed block of insurance products, including approximately 150,000 insurance policies across Medicare supplement, life insurance, long-term care, disability insurance and other specialty health policies.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Nassau Financial Group

Hartford, Connecticut, United States
Category Company
Founded 2015
Sector Insurance
DESCRIPTION

Nassau Financial Group is an insurance and reinsurance business focused on acquiring and operating onshore and offshore platforms with long tail liabilities in the life, annuity and long term care sectors. Nassau Financial Group was founded in 2015 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 2 of 4
Sector: Insurance M&A 2 of 4
Type: Divestiture M&A Deals 1 of 3
State: New York M&A 1 of 2
Country: United States M&A 2 of 4
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 The Phoenix Companies

Hartford,, Connecticut, United States

The Phoenix Companies, Inc. is a provider of income strategies and insurance protection, to families and individuals planning for or living in retirement.

Buy $217M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Foresters Life Insurance and Annuity Co.

Edison, New Jersey, United States

Foresters Life Insurance and Annuity Co. (FLIAC) is a provider of life insurance and annuity products with 112,000 policyholders throughout the US and $11.9 billion of life insurance in force and $2.5 billion in assets.

Buy -

Seller(S) 1

SELLER

Universal American

White Plains, New York, United States
Category Company
Founded 1981
Sector Healthcare Services
Employees1,500
Revenue 1.5B USD (2015)
DESCRIPTION

Universal American is a provider of health care products and services.

DEAL STATS #
Overall 5 of 5
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 5 of 5
State: New York M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2016 M&A 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Universal American - Total Care Medicaid Plan

New York, New York, United States

Total Care is a prepaid health services plan that provides health care coverage to approximately 39,000 members under the medicaid and child health plus programs in the three upstate new york counties of cortland, onondaga and tompkins.

Sell $41M
Mergr

Solution for

Product

Company

Legal