Divestiture • Business Services

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

Explore All 1207 Divestiture Business Services Deals - Search the Database Free


M&A Deal Summary

Date January 6, 2015
Target The MGIS CDH Service
Sector Business Services
Buyer(s) Total Administrative Services
Sellers(s) The MGIS Companies
Deal Type Divestiture

Target Company

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.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

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

Search Free

Buyer Overview 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 Context for Buyer #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: United States 2 of 2
Year: 2015 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 Profile 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 Context for Seller #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Divestiture 2 of 2
Country: United States 2 of 2
Year: 2015 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 -