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New Deal


Announced

Completed

Blackstone-backed Alight Solutions completed the acquisition of Choice Health Insurance.

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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United States

insurance

Acquisition

Friendly

Private

Online and Social Platforms

Domestic

Single Bidder

technology platform

Completed

Private Equity

Majority

Synopsis

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Blackstone-backed Alight Solutions, a provider of next level human capital and business solutions, completed the acquisition of Choice Health Insurance, a technology enabled, data driven platform that assists consumers in choosing the insurance coverage. Financial terms were not disclosed. “With fewer and fewer companies providing retiree health benefits to future retirees, the transition from employer-provided coverage to the complex, open market can be daunting. Alight can now better care for the needs of workers throughout the full course of their careers and through retirement. We are thrilled to add this critical component to our robust suite of healthcare solutions,” Colin Brennan, Alight President of Global Solutions and Services.

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