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.
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