M&A Deal Summary

SelectAccount Acquires Assurant - Health & Medical Savings Account

On March 15, 2016, SelectAccount acquired financial services company Assurant - Health & Medical Savings Account from Assurant

Acquisition Highlights
  • This is SelectAccount’s 1st transaction in the Financial Services sector.
  • This is SelectAccount’s 1st transaction in the United States.
  • This is SelectAccount’s 1st transaction in New York.

M&A Deal Summary

Date 2016-03-15
Target Assurant - Health & Medical Savings Account
Sector Financial Services
Buyer(s) SelectAccount
Sellers(s) Assurant
Deal Type Divestiture

Target

Assurant - Health & Medical Savings Account

New York, New York, United States
Assurant - Health & Medical Savings Account is a provider of health and medical spending accounts.

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Buyer(S) 1

Buyer

SelectAccount

St. Paul, Minnesota, United States

Category Company
Sector Financial Services
DESCRIPTION

SelectAccount is a full suite of tax-advantaged solutions – HSA, HRA, FSA, VEBA, transportation and dependent care accounts – as well as WalletDoc consumer tools, SelectAccount is positioned to meet clients’ changing needs as they plan for upcoming health care expenditures.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Assurant

Atlanta, Georgia, United States

Category Company
Founded 1892
Sector Insurance
Employees13,600
Revenue 11.1B USD (2023)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and in select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions, and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 1 of 3
Type (Divestiture) 2 of 4
State (New York) 1 of 2
Country (United States) 2 of 4
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Assurant - Employee Benefits Business

United States

Assurant - Employee Benefits Business is a provider of insurance products in US.

Sell $940M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 American Title

Omaha, Nebraska, United States

American Title, Inc. is a provider of title and valuation services for home equity lenders.

Buy $45M