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Announced

Completed

Abry Partners and Hoplon Capital-backed illumifin completed the acquisition of LTCG.

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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Majority

clinical services

Single Bidder

insurance services

Domestic

administrative solutions

Friendly

Private

Acquisition

Insurance Brokers

Private Equity

United States

Completed

Synopsis

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Abry Partners and Hoplon Capital-backed illumifin, an insurance third-party administration and software provider, completed the acquisition of LTCG, a provider of administrative solutions and clinical services to the long-term care insurance industry. Financial terms were not disclosed. “Today marks an important milestone in illumifin’s journey to become the leading insurance services and software provider in our market. We are excited to drive transformation across the industry through our unique combination of insurance insight, operational excellence, and technology innovation," Phil Ratcliff, illumifin CEO.

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