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Announced

Medical Mutual to acquire Bravo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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employee benefits

Acquisition

Single Bidder

United States

Majority

wellness plan

Pending

Private

Management Consulting

Friendly

Synopsis

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Medical Mutual, a health insurance company, agreed to acquire Bravo, a national provider of employee well-being solutions that empower employers and health plans with configurable wellness plans. Financial terms were not disclosed. “For more than a decade, Bravo has shown that when wellness solutions include a proven recipe for health improvement, it can be a vital solution for employers to minimize the driving force behind rising benefits costs and preventable health risks. Medical Mutual understands our model and sees Bravo as a strategic part of its growth. Bravo’s commitment to inspiring preventive actions, promoting the primary care relationship, reducing health risks, and lowering claims costs aligns with Medical Mutual’s goals and we are thrilled to have the strength of this reputable parent company to support our business moving forward,” Jim Pshock, Bravo Founder and CEO.

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