M&A Deal Summary

Unum Acquires Genex

On January 1, 1997, Unum acquired insurance company Genex

Acquisition Highlights
  • This is Unum’s 1st transaction in the Insurance sector.
  • This is Unum’s 1st transaction in the United States.
  • This is Unum’s 1st transaction in Pennsylvania.
Investment Fate
  • Genex was divested to a consortium of buyers in 2007.
  • Genex was sold to a consortium of financial buyers in 2014.
  • Genex was sold to a consortium of financial buyers in 2018.
  • Genex merged with another company in 2018.

M&A Deal Summary
Date 1997-01-01
Target Genex
Sector Insurance
Buyer(s) Unum
Deal Type Add-on Acquisition

Target

Genex

Wayne, Pennsylvania, United States
Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.

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Buyer(S) 1

Buyer

Unum

Chattanooga, Tennessee, United States
Category Company
Founded 1848
Sector Insurance
Employees10,553
Revenue 12.3B USD (2023)
DESCRIPTION
Unum's corporate headquarters in Chattanooga, Tennessee.
Unum's corporate headquarters in Chattanooga, Tennessee.

Unum is a provider of financial protection benefits in the United States and the United Kingdom. Unum’s portfolio includes disability, life, accident and critical illness coverage, which help protect millions of working people and their families in the event of an illness or injury. Unum was formed in 1848 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 1 of 6
Sector (Insurance) 1 of 5
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 1 of 4
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-24 Genex

Wayne, Pennsylvania, United States

Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.

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