M&A Deal Summary

Total Administrative Services Acquires The MGIS CDH Service

On January 6, 2015, Total Administrative Services acquired business services company The MGIS CDH Service from The MGIS Companies

Acquisition Highlights
  • This is Total Administrative Services’ 1st transaction in the Business Services sector.
  • This is Total Administrative Services’ 2nd transaction in the United States.

M&A Deal Summary

Date 2015-01-06
Target The MGIS CDH Service
Sector Business Services
Buyer(s) Total Administrative Services
Sellers(s) The MGIS Companies
Deal Type Divestiture

Target

The MGIS CDH Service

United States
The MGIS CDH service offering includes Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA), Health Savings Account (HSA), and COBRA services.

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Buyer(S) 1

Buyer

Total Administrative Services

Madison, Wisconsin, United States

Category Company
Founded 1975
Sector Business Services
DESCRIPTION

Total Administrative Services Corp. is a privately-held, third-party employee benefits administrator.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 Hirsch Financial Services

Hunt Valley, Maryland, United States

Hirsch Financial Services, Inc. is a provider of flexible spending account and the Consolidated Omnibus Budget Reconciliation Act administration services.

Buy -

Seller(S) 1

SELLER

The MGIS Companies

Salt Lake City, Utah, United States

Category Company
Founded 1969
Sector Insurance
DESCRIPTION

The MGIS Companies, Inc. is a national insurance program manager with deep experience and expertise in building, managing and servicing specialized programs for medical professionals. Company partner exclusively with A+ rated insurance carriers whose financial strength can provide maximum safety and stability for clients.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 MGIS Property & Casualty Insurance Services

Salt Lake City, Utah, United States

MGIS Property & Casualty Insurance Services specializes in the placement and administration of individual and group insurance coverage for medical groups. MGIS P&C specializes in placing property & casualty insurance, primarily professional liability, for medical groups, managed care organizations and sole practitioners.

Sell -