M&A Deal Summary

Personify Health Acquires Gilsbar - TPA Division

On January 17, 2022, Personify Health acquired insurance company Gilsbar - TPA Division from Gilsbar

Acquisition Highlights
  • This is Personify Health’s 1st transaction in the Insurance sector.
  • This is Personify Health’s 1st transaction in the United States.
  • This is Personify Health’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2022-01-17
Target Gilsbar - TPA Division
Sector Insurance
Buyer(s) Personify Health
Sellers(s) Gilsbar
Deal Type Divestiture

Target

Gilsbar - TPA Division

Covington, Louisiana, United States
Gilsbar’s TPA offers a fully-integrated approach to benefit plan administration, which includes sophisticated technology and personalized service. Through MedCom, Gilsbar’s in-house care management division, the company delivers care management programs that positively impact employee health and wellbeing.

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Buyer(S) 1

Buyer

Personify Health

Fresno, California, United States

Category Company
Founded 1983
Sector Business Services
DESCRIPTION

Personify Health is a third party administrator (TPA) of healthcare benefits to self-funded employers. The Company addresses the “dual mandate” to reduce costs and improve outcomes within the healthcare ecosystem. Personify Health offers core healthcare administrative services alongside a robust set of payment integrity and care management offerings to reduce costs, maximize efficiencies, and improve health outcomes for self-funded employer groups. Personify Health was founded in 1983 and is based in Fresno, California.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Virgin Pulse

Providence, Rhode Island, United States

Virgin Pulse is a provider of employee-centric solutions that drive wellbeing, culture and productivity across organizations around the world. Virgin Pulse platform is purpose built to deliver a personalized, consumer-grade user experience designed to promote health, productivity, and culture across organizations and employees. Virgin Pulse was founded in 2004 and is based in Providence, Rhode Island.

Buy -

Seller(S) 1

SELLER

Gilsbar

Covington, Louisiana, United States

Category Company
Founded 1959
Sector Insurance
DESCRIPTION

Gilsbar is one of the largest privately-held insurance services organizations in the country. Gilsbar offers self-funded and fully-insured benefit plan management services, along with Wellness, Advocacy, and overall Population Health Management. Gilsbar was established in 1959 and is based in Covington, Louisiana.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-10 ResolutionRe

United States

ResolutionRe provides a full range of insurance services.

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