Transactions in the Senior market have been robust in 2020. CSG has compiled a table summarizing IPOs and acquisitions year-to-date in 2020 in the Medicare space.
Initial Public Offerings (“IPOs”) and other Capital Transactions:
| Date Announced | Organization | Company H/Q | Transaction |
|---|---|---|---|
| 3/19/2020 | Amerilife Group, Inc. | Clearwater, FL | Completion of recapitalization by investor group led by Thomas H. Lee Partners |
| 5/26/2020 | Select Quote, Inc. | Overland Park, KS | IPO of 32,775,000 shares of common stock |
| 6/26/2020 | HealthPlan One, Inc | Trumbull, CT | Growth recapitalization of the Company by Lightyear Capital LLC. |
| 7/15/2020 | Go Health, Inc | Chicago, IL | IPO 43,500,000 shares of its Class A common stock at a public offering price of $21.00 per share |
| 9/28/2020 | Coverance Insurance Solutions | Long Beach, CA | Coverance announces a $10.5 million financing led by CUNA Mutual Group, with participation from existing investor Strandview Capital |
Mergers & Acquisitions
| Date Announced | Target Company | Acquirer |
|---|---|---|
| 1/7/2020 | Stephens-Mathews Marketing, Inc. | Amerilife |
| 1/28/2020 | Agent Pipeline, Inc. | Integrity Marketing Group |
| 2/12/2020 | J.D. Mellberg Financial | Amerilife |
| 2/25/2020 | Palmetto Senior Benefits | Integrity Marketing Group |
| 3/3/2020 | Taylor Financial & Insurance Services ("FFL USA") | Integrity Marketing Group |
| 3/10/2020 | LifeSmart Senior Sevices, Inc. | Integrity Marketing Group |
| 3/19/2020 | Killimett Agency ("FFL Southeast") | Integrity Marketing Group |
| 4/1/2020 | Jack Schroeder & Associates, Inc | Amerilife |
| 4/14/2020 | The Brokerage Resource, Inc. | Integrity Marketing Group |
| 4/19/2020 | Equis Financial, Inc. | Integrity Marketing Group |
| 5/19/2020 | Pinnacle Financial Services | Amerilife |
| 6/2/2020 | Tri-State Financial | Integrity Marketing Group |
| 6/15/2020 | Formula Folios, Inc. | Amerilife |
| 6/18/2020 | McNerney Management Group | Integrity Marketing Group |
| 6/30/2020 | National Agents Alliance ("The Alliance") | Integrity Marketing Group |
| 7/13/2020 | Benefytt Technologies, Inc. (formerly Health Insurance Innovations) | Madison Dearborn Partners |
| 7/14/2020 | McClain Insurance | Integrity Marketing Group |
| 7/21/2020 | New Horizons Insurance Marketing | Integrity Marketing Group |
| 7/29/2020 | Senior Market Sales, Inc. | Alliant |
| 7/29/2020 | Heartland Retirement Group | Integrity Marketing Group |
| 8/4/2020 | Agent Force | Integrity Marketing Group |
| 8/4/2020 | Crosspointe Insurance Advisors | EverQuote |
| 8/13/2020 | ASB Financial | Integrity Marketing Group |
| 8/18/2020 | Southern Insurance Group | Integrity Marketing Group |
| 9/1/2020 | Secure Benefits Alliancee | Ritter Insurance Marketing |
| 9/22/2020 | Insurance Administrative Solutions | Integrity Marketing Group |
| 9/29/2020 | Senior Healthcare Direct (Bache LLC) | Amerilife |
| 10/6/2020 | Secure Administrative Solutions | Amerilife |
| 10/7/2020 | The Assurance Group | Integrity Marketing Group |
| 10/14/2020 | Advanced Market Sales | Integrity Marketing Group |
| 10/15/2020 | The Equita Group | Amerilife |
| 10/22/2020 | Health Insurance Store | Integrity Marketing Group |
| 10/29/2020 | Western Asset Protection | Integrity Marketing Group |
| 11/5/2020 | Forward Strategies Insurance Brokers, LLC | Amerilife |
| 11/5/2020 | Smith Agency | Integrity Marketing Group |
| 11/11/2020 | American Group Insurance | Integrity Marketing Group |
| 11/18/2020 | American Benefits Exchange | Amerilife |
| 12/1/2020 | Creative Financial Network | Amerilife |
| 12/11/2020 | Senior Resource Group | Amerilife |