AXA Group’s acquisition of Maestro Health will provide the Paris-based multinational insurance company with technology needed to become a new player in the U.S. digital health benefits market, AXA says.
Maestro Health combines private exchange, benefits administration, enrollment, self-insurance, healthcare savings account administration into an integrated mobile and web platform its calls maestroEDGE. The company owns and operates a proprietary private exchange and is a medical third-party benefits administrator.
The acquisition is part of AXA’s strategy to build a comprehensive population health management program to provide better care at lower cost and establish that business model in the U.S., the company says.
AXA acquired Maestro Health for $155 million and will operate the Chicago company as a wholly owned subsidiary.
Some of the employers, brokers and insurance carriers with which Maestro Health works includes University of North Carolina, University of Texas, Blue Cross Blue Shield of Arizona and Mazda.
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