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Announced

Completed

CNO Financial Group completed the acquisition of DirectPath.

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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Outsourced HR and Staffing

Domestic

Majority

United States

Acquisition

Private

Friendly

employee benefits management

Completed

Single Bidder

Synopsis

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CNO Financial Group, a financial services holding company, completed the acquisition of DirectPath, a provider of year-round, technology-driven employee benefits management services to employers and employees. Financial terms were not disclosed. "We are excited to join CNO and be part of a larger organization that shares our dedication to guiding employees to make better healthcare decisions. Together with CNO, we will go to market with an integrated solution to help businesses drive improved employee acquisition and retention, increase benefits engagement, and deliver cost savings for employers and employees," Michael Byers, DirectPath Chairman and CEO.

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