Madison Dearborn Partners completed the acquisition of Benefytt Technologies for $420m.

Madison Dearborn Partners, a private equity investment firm, completed the acquisition of Benefytt Technologies, a health insurance technology company and distributor of Medicare-related health insurance plans, for $420m. “Today’s closing is an important milestone in Benefytt’s ongoing work to become a premier health insurance technology company. As we enter this next phase, the entire Benefytt team looks forward to drawing upon Madison Dearborn’s deep expertise in the insurance technology and health care industries to drive our transformation strategy forward,” Gavin Southwell, Benefytt CEO and President.