Professional services firm Towers Watson announced it will acquire Extend Health — the operator of the largest private Medicare exchange in the United States — for $435 million, less net debt and certain transaction costs.
The two organizations were working under a "strategic alliance" since last August. Extend Health was founded in 2004 to serve Medicare-eligible retirees and their corporate employers and place them in various Medicare Advantage plans.
The deal is expected to close in less than two months pending legal and regulatory review.
The two organizations were working under a "strategic alliance" since last August. Extend Health was founded in 2004 to serve Medicare-eligible retirees and their corporate employers and place them in various Medicare Advantage plans.
The deal is expected to close in less than two months pending legal and regulatory review.
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