M&A Deal Summary |
|
|---|---|
| Date | 2018-09-27 |
| Target | Aetna - Medicare Part D Business |
| Sector | Insurance |
| Buyer(s) | WellCare Health Plans |
| Sellers(s) | Aetna |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Insurance |
| Employees | 6,900 |
| Revenue | 20.0B USD (2018) |
WellCare Health Plans, Inc. is a provider of managed care services targeted to government-sponsored health care programs, focusing on Medicaid and Medicare. WellCare offers a variety of health plans for families, children, and the aged, blind, and disabled, as well as prescription drug plans.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector: Insurance M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 8 of 8 |
| State: Connecticut M&A | 1 of 1 |
| Country: United States M&A | 13 of 13 |
| Year: 2018 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-29 |
Meridian Health Plan of Michigan
Detroit, Michigan, United States Meridian Health Plan of Michigan, Inc. is a family-owned, family-operated group of health plans with offices in Michigan and Illinois. Meridian's affiliates include MeridianHealth (Medicaid), MeridianCare (Medicare), MeridianComplete (Medicare-Medicaid), MeridianChoice (Health Insurance Marketplace), and MeridianRx, a pharmacy benefit management company. |
Buy | $2.5B |
Aetna, Inc. is a diversified health care benefits company. Aetna offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability health-care plans. Aetna was founded in 1853 and is based in Hartford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector: Insurance M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 4 of 6 |
| State: Connecticut M&A | 3 of 3 |
| Country: United States M&A | 5 of 6 |
| Year: 2018 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-11 |
Medicity
Salt Lake City, Utah, United States Medicity is a health information exchange technology company offers a broad range of products and services that enable health systems, hospitals, physician practices and health information exchanges to securely access and exchange health care information, improving the quality and efficiency of patient care and reducing unnecessary health care costs. Medicity markets its products and services locally, regionally and nationally. Medicity, Inc. was founded in 1998 and is headquartered in Salt Lake City, Utah. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-05 |
PayFlex
Omaha, Nebraska, United States PayFlex is an independent account-based health plan administrator. The company provides proprietary web-based benefit administration services and solutions for plan sponsors who offer consumer-based products such as Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), and Flexible Spending Accounts (FSAs), and also provides COBRA direct-billing services. PayFlex was formed in 1986 and is based in Omaha, Nebraska. |
Sell | - |
