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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