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Nava Benefits Acquires Innovative Boutique Benefits Firm To Further Strengthen Its Tri-State Presence

Aug 09, 2022•over 3 years ago

Acquiring Company

Nava Benefits

Acquired Company

Boutique Benefits

New YorkInsurtechInsuranceHealth Care

Description

Nava Benefits, a modern healthcare benefits brokerage leveraging technology and benefits innovation to tackle the rising costs of healthcare, today announced the acquisition of i2, a healthcare benefits consulting company. This marks Nava's first acquisition, which brings additional benefits expertise to the team, strengthens Nava's position in the Northeast, and accelerates the firm's ability to help smaller employers in the tri-state region control rising healthcare costs.

Company Information

Company

Nava Benefits

Location

New York, New York, United States

About

Nava is one of the fastest growing benefits brokerages in America and the first to fuse innovative technology with deep benefits expertise to make great benefits easy for growing businesses. Through delivering a better renewal strategy, benefits back-office support, and modern member support, employers turn to Nava to lower costs, delight employees, and augment HR teams. Driven by a mission to fix healthcare, Nava is proud to be recognized as part of Inc's Power Partner 2023 list as well as the 2024 New York Digital Health 100 (DH100).

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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