This week we are reading about Integrity acquiring American Senior Benefits, Centene’s plans to expand their Medicare Advantage business, and how the CVS-Aetna deal is fueling the merger-and-acquisition activity.
American Senior Benefits Joins Integrity Marketing Group | InsuranceNewsNet | July 17, 2019
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has completed its acquisition of American Senior Benefits, one of the largest career agency distribution networks in the country. Based in Kansas City, American Senior Benefits is focused entirely on serving the Senior Market, which aligns perfectly with Integrity’s core markets. As part of the deal, American Senior Benefits’ founders Jim Sweeney and Clay LeGeyt become owners in Integrity. Financial terms of the private transaction were not disclosed.
Centene Plans Big Medicare Advantage Expansion | Forbes | July 23, 2019
The health insurer Centene plans to expand into 100 new counties and enter a new state – Nevada – to expand privatized Medicare coverage to seniors in 2020. Centene is joining the parade of established health plans and startups looking to take advantage of new rules that allow Medicare Advantage plans to offer more benefits to seniors.
2018 Insurance Company M&A Activity Fueled by CVS-Aetna Deal | InsuranceNewsNet | July 25, 2019
Although insurance company merger-and-acquisition activity was relatively high in 2018, the sector is generally cold, an industry consultant said today. There were 87 insurance company transactions during the year, the highest number tracked by Tiburon Strategic Advisors in at least five years. Fueled by the mega-merger between CVS Health and Aetna, the 87 transactions averaged $971 million per deal, more than twice the 2017 average.