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Myplanadvocate Announces Strategic Acquisition Of Eversurance

Aug 16, 2023•over 2 years ago

Acquiring Company

MyPlanAdvocate (MPA)

Acquired Company

Eversurance

Health Care

Description

MyPlanAdvocate (MPA), a rapidly growing startup in the Medicare brokerage arena with an emphasis on leading-edge technology and analytics, is pleased to announce the acquisition of Eversurance (formerly Crosspointe), a wholly-owned subsidiary of Everquote as of August 1st 2023. This acquisition will allow MPA to expand into the under-65 health insurance market.

Company Information

Company

MyPlanAdvocate (MPA)

About

MPA, an AdirVentures portfolio company, is at the forefront of technological innovations in the Medicare brokerage sector. With its state-of-the-art technology platform, MPA ensures a seamless experience for its customers, making the often-complex world of Medicare navigable and user-friendly. For any further information or media inquiries, please contact hello@myplanadvocate.com, 1-844-299-5914. SOURCE MyPlanAdvocate

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