Munich Re Life US to Acquire Clareto (MedVirginia)
April 12, 2022
Munich Re Life US (Munich Re) announced a definitive agreement to acquire MedVirginia, Inc. d/b/a Clareto, a health information exchange that retrieves electronic health records (EHRs) for the life insurance industry. The acquisition is intended to accelerate life insurers' use of EHRs to digitize and streamline underwriting, improving decision speed and the applicant experience; subsequently, industry reporting shows MIB later acquired Clareto and formed a strategic partnership with Munich Re.
- Buyers
- Munich Re Life US (Munich American Reassurance Company), MIB Group Holdings, Inc.
- Targets
- MedVirginia, Inc. d/b/a Clareto
- Sellers
- Munich Re Life US (Munich American Reassurance Company)
- Industry
- Healthcare Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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