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Allied Benefit Systems, Llc Announces The Acquisition Of Medxoom

Jul 18, 2023about 2 years ago

Acquiring Company

Allied Benefit Systems

Acquired Company

Medxoom, Inc.

AtlantaHealth CareInformation Technology

Description

Allied Benefit Systems, LLC ("Allied"), one of the nation's largest healthcare administrators for employee benefit plans, and its majority equityholder, funds managed by Stone Point Capital LLC, today announced the acquisition of Medxoom, Inc. ("Medxoom"), an industry leading digital benefits platform. Medxoom's state-of-the-art technology is utilized by health plans, benefits consultants, employer groups, and third-party administrators throughout the country to optimize their member's experience and manage their healthcare benefits.

Company Information

Company

Allied Benefit Systems

About

Founded in 1980, Allied is one of the nation's largest healthcare solutions companies providing professional administrative, medical management, and compliance services to over 13,000 self-insured employer groups across the United States. For more information about Allied, please visit www.alliedbenefit.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed