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New Deal


Announced

Millennium Trust-backed Benefit Resource to acquire Pro-Flex.

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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Single Bidder

Private Equity

United States

benefits administration

Acquisition

Pending

Friendly

Customer Relationship Management

Domestic

Majority

Private

Synopsis

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Millennium Trust-backed Benefit Resource, a provider of consumer directed health plans and employee benefits, agreed to acquire Pro-Flex, a full-service benefits administration company. Financial terms were not disclosed. “Adding an exceptional business like Pro-Flex advances us toward our collective goal to provide benefit solutions that strengthen and simplify the health and wealth journey – relentlessly pursuing better outcomes for all. Pro-Flex also brings expertise in the public sector, including health and welfare solutions within organized labor sectors,” Jason Hall, Benefit Resource CEO.

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