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Nationsbenefits Acquires Solisystems To Expand Its Flex Benefit Card Technology

Oct 10, 2022•almost 3 years ago

Acquiring Company

NationsBenefits

Acquired Company

SoliSYSTEMS

PlantationSoftwareInformation Technology

Description

NationsBenefits®, a leading provider of supplemental benefits, flex cards, and member engagement solutions for health plans, announced today the acquisition of SoliSYSTEMS, a highly experienced technology integration vendor with a strong background in providing IT support to both state governments and commercial enterprises. This acquisition is part of the Company’s strategic vision to expand its flex benefit card technology to meet the ever-growing needs of health plans with Medicare Advantage (MA) and Part D Plans for the year 2023 and beyond.

Company Information

Company

NationsBenefits

Location

Plantation, Florida, United States

About

NationsBenefits is a leading supplemental benefits company that partners with managed care organizations to provide innovative healthcare solutions aimed at driving growth, improving outcomes, reducing costs, and delighting members. We surpass traditional benefit designs by taking a consultative approach to understanding each valued client’s objectives, and we offer customized programs that can be targeted or scaled to effectively engage members who have diverse needs. With our compliance-focused infrastructure, technology, care continuum and best-in-class service delivery model, health plans can depend on our company to maximize the value-based care delivered to millions of people who deserve a better quality of life.

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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