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Marpai Announces Closing Of The Acquisition Of Maestro Health

Nov 01, 2022over 2 years ago

Acquiring Company

Marpai

Acquired Company

Maestro Health

Description

Marpai, Inc. (Nasdaq: MRAI) ("Marpai" or the "Company"), a technology company transforming third-party administration (TPA) in the self-funded employer health plan market, today announced the closing of its previously announced acquisition of Maestro Health LLC ("Maestro") in a deal that more than doubles the size of the Company. Maestro is a leading TPA based in Chicago, Illinois that serves over 80 self-insured employers. Together, the joint company brings AI-powered health plans services to over 40,000 employees nationwide making it a leading technology driven player in the market. The acquisition of Maestro is expected to more than double the number of Marpai's customers and the number of members that it serves.

Company Information

Company

Marpai

Location

33-04 00

About

Marpai empowers better living through a SMART Health Plan Services that transforms your health plan into a health empowerment tool.

DealWatch™ Score

74
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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