M&A Deal Summary

Zurich Insurance Acquires HealthLOGIX

On October 8, 2020, Zurich Insurance acquired business services company HealthLOGIX from Dialogdirect

Acquisition Highlights
  • This is Zurich Insurance’s 1st transaction in the Business Services sector.
  • This is Zurich Insurance’s 3rd transaction in the United States.
  • This is Zurich Insurance’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-10-08
Target HealthLOGIX
Sector Business Services
Buyer(s) Zurich Insurance
Sellers(s) Dialogdirect
Deal Type Divestiture

Target

HealthLOGIX

Highland Park, Michigan, United States
HealthLOGIX is a provider and distributor of health insurance ID Cards, Enrollment Kits, EOBs, and Statements. Its steadfast commitment to the provision of quality products and exceptional service has propelled HealthLOGIX to the forefront of the insurance industry. Its online solutions allow health plan clients to manage and audit materials with immediate results and approval allowances.

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Buyer(S) 1

Buyer

Zurich Insurance

Zurich, Switzerland
Category Company
Founded 1872
Sector Insurance
Employees60,000
Revenue 70.0B USD (2023)
DESCRIPTION
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.

Zurich Insurance is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Company was formed in 1872 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 8 of 10
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-19 Zurich Insurance Group - Corporate Group Life & Pensions Business

Zurich, Switzerland

Zurich North America's Corporate Group Life and Pensions business offers exclusively true group life, short- and long-term disability and absence management solutions aimed at delivering an end-to-end offering that help make it easier for companies to manage their employee absences while also helping align with federal and state leave laws and quickly adapt as new laws are passed.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 AlphaChat

Tallinn, Estonia

AlphaChat provides conversational artificial intelligence (AI) technology for customer service automation. The Company's messaging automation product is capable of understanding natural language, authenticating users, providing personalized responses and executing transactions, making communication with customers seamless. AlphaChat was founded in 2017 and is based in Tallinn, Estonia.

Buy -

Seller(S) 1

SELLER

Dialogdirect

Highland Park, Michigan, United States
Category Company
Sector Marketing
DESCRIPTION

Dialogdirect is a marketing and customer engagement solution provider focused on helping brands connect and engage with their customers to generate leads, increase sales and provide superior customer engagement solutions that create remarkable experiences. Company do this by creating personalized and relevant dialogue throughout the entire customer journey. Dialogdirect is based in Highland Park, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 Kramer Direct

Richardson, Texas, United States

Kramer Direct, Inc. is a provider of pre-qualified direct mail leads and prospect lists to the insurance and financial industries. Kramer Directs solutions include turn-key lead mailer programs, specialized mailers and targeted drip campaigns.

Buy -
Mergr

Product

Company

Legal