Ust Healthproof Acquires Advantasure

Mar 21, 2023•over 2 years ago

Acquiring Company

UST

Acquired Company

Advantasure

Description

UST HealthProof, a UST company and market leader in core administrative solutions and Business-Process-as-a-Service (BPaaS) for health plans, closed a deal today to purchase Advantasure, a technology solutions company for Medicare plans. The acquisition marks the next stage of growth for UST HealthProof, as it works to revolutionize healthcare in the United States through comprehensive solutions for reducing administrative costs.

Company Information

Company

UST

About

For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries and around the world. Together, with over 28,000 employees in 25 countries, we build for boundless impact—touching billions of lives in the process. Visit us at ust.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