MINNEAPOLIS--(BUSINESS WIRE)-- TripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading companies in healthcare, is pleased to announce that its client, Maestro Health, has been acquired by AXA. The move comes at a tipping point in the U.S. healthcare market as cost, complexity and consumer engagement come to the forefront—inspiring the changing landscape of industry players. AXA’s acquisition of Maestro Health and its all-in benefits platform, maestroEDGE™, supports AXA’s payer to partner strategy in line with its “Ambition 2020” corporate initiative.
Maestro Health provides an all-in, technology-meets-service platform that is built to simplify, personalize and optimize how people shop, enroll and live with their benefits. The platform, which supports the entire continuum of care to treat the entire patient, enables companies to be more effective in lowering healthcare costs and empowers employees to make better health-related choices. Founded in 2013, the Chicago-based company has more than 300 employees and targets mid-size and large-size employers across the United States, currently covering over 1 million lives. Maestro Health will maintain its identity, mission and team, while operating as a wholly-owned subsidiary of AXA.
“Maestro Health has built a comprehensive platform that allows the company to engage with health plan members across all 365 days of the year to truly impact member behavior,” said Jason Grais, Managing Director at TripleTree. “The combination of Maestro Health’s expertise, capabilities and technology with AXA’s scale and corporate vision creates a powerful industry disrupter that is well-positioned to lower costs, simplify the healthcare experience, and empower consumers.”
“Not only is this the optimal step into the next phase of Maestro Health’s history, it’s also the ideal partnership to reinforce our all-in, continuum of care model—and ultimately transform healthcare as we know it today,” said Rob Butler, CEO and Founder of Maestro Health. “TripleTree has been a strategic partner to Maestro as we have built the company. We were thrilled to partner with their excellent team to successfully execute this transaction. Their understanding of our business and how it could flourish in partnership with AXA were critical to the transaction’s success.”
TripleTree acted as the exclusive financial advisor to Maestro Health for this transaction. Maestro previously received growth capital financing by lead investors Oak HC/FT and SV Health Investors.
TripleTree is an independent merchant bank focused on mergers and acquisitions, growth capital, recapitalizations, strategic advisory and principal investing. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare.
To learn more, visit www.triple-tree.com
About Maestro Health™
Maestro Health makes employee health & benefits people-friendly again by delivering an all-in platform that meets today’s needs of employers, employees, brokers and carriers. Maestro Health owns and operates six core solutions: (me)BENEFITS ADMIN 2.0™, (me)BENEFIT ACCOUNTS™, (me)SELF-FUNDED BENEFITS™, (me)PEOPLE MANAGEMENT™, (me)BILLING ADMIN™ and (me)ACA SERVICES™. The flexible solutions are designed and unified on a tech-meets-service platform so customers can customize their own HR suite based on what works best for their organization's unique needs—all to optimize and simplify the way employees and employers shop, enroll and live with their benefits.
To learn more, visit: www.maestrohealth.com.
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Jaimie Vetter, 952-223-8400
Source: TripleTree, LLC