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New Deal


Announced

Completed

Health Care Service completed the acquisition of Trustmark Health Benefits from Trustco Holdings.

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

Single Bidder

United States

health insurance

Acquisition

Domestic

Friendly

insurance services

Insurance Brokers

Private

Completed

Synopsis

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Health Care Service, a health insurance company, completed the acquisition of Trustmark Health Benefits, an insurance brokerage firm, from Trustco Holdings, a financial services company. Financial terms were not disclosed. "With this transaction, I am confident that, with HCSC, Health Benefits and its associates will be well-positioned for future success. Trustmark will focus on markets where we can grow in the future, deliver differentiated capabilities for our clients and members and lead at a national level. In an evolving work environment, we will accelerate our efforts to become vastly more consequential in the markets we serve by helping employers offer benefits that build engaged, healthy teams," Kevin Slawin, Trustmark President and CEO.

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