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Marpai To Acquire Maestro Health

Aug 04, 2022•over 3 years ago

Acquiring Company

Marpai

Acquired Company

Maestro Health

Human Resources

Description

Marpai, Inc. ("Marpai" or the "Company") (Nasdaq: MRAI), an AI-technology company transforming the $22 billion Third-Party Administrator (TPA) market supporting self-funded employer health plans, today announced it has signed a definitive agreement to acquire Maestro Health ("Maestro"), a leading TPA servicing over 80 self-insured employers, based in Chicago, Illinois.

Company Information

Company

Marpai

Location

33-04 00

About

Maestro Health is an employee benefits company based in Chicago, founded in 2013. The company specializes in simplifying the purchase and management of health insurance and related benefits for employers and their employees. Its main product, maestroEDGE, is a comprehensive benefits administration software platform that serves over 1 million employees across the United States. This platform provides a centralized solution for insurance shopping, managing health savings accounts (HSAs), flexible spending accounts (FSAs), and other benefits. In 2018, Maestro Health was acquired by AXA Group, a multinational insurance firm, and operates as a wholly owned subsidiary while maintaining its brand and operational independence. The company focuses on helping employers streamline benefits administration and enhance the employee experience through user-friendly technology. With a team of over 300 employees, Maestro Health continues to innovate in the employee benefits sector.

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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