SG Benefit Providers Acquires Medicare Group USA

Reliance Global Group Acquires Medigap Health Insurance Company

December 22, 2021

Insurance

Reliance Global Group, Inc. (NASDAQ: RELI) entered into a definitive agreement to acquire Medigap Health Insurance Company, an insurance brokerage in Florida specializing in Medicare supplement insurance, in an asset purchase expected to close in early 2022. The transaction, valued at approximately $19.6 million in cash and restricted common stock, is intended to expand Reliance's presence in the Medicare supplement market and leverage operational synergies with its existing portfolio.

BRP Group (Guided Medicare Solutions) Acquires Seniors' Insurance Services of Washington

April 26, 2021

Financial Services

BRP Group, Inc., through its indirect subsidiary BRP Medicare Insurance III, LLC operating as Guided Medicare Solutions, entered into an agreement to acquire substantially all assets of Seniors' Insurance Services of Washington, Inc., a Freeland, Washington-based independent Medicare insurance agency. The acquisition (a strategic Partnership) expands BRP/Guided's Medicare presence in the Pacific Northwest; Seniors' Insurance Services will be rebranded under the Guided banner following the close.

Health Care Service Corporation Acquires Cigna's Medicare Businesses

March 19, 2025

Healthcare Services

Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses. The divestiture streamlines Cigna’s portfolio and provides HCSC with expanded Medicare capabilities and geographic presence across the United States; Cigna intends to deploy proceeds largely for share repurchases.

Risk Strategies Acquires Benefit Design Group LLC

August 29, 2023

Insurance

Risk Strategies, a national specialty insurance brokerage, has acquired Benefit Design Group LLC (BDG), an independent Portland-based retail agency specializing in health, life and retirement solutions. The acquisition expands Risk Strategies' employee benefits capabilities and strengthens its presence in the Pacific Northwest; terms were not disclosed.

Health Care Service Corporation Acquires The Cigna Group's Medicare and CareAllies Businesses

March 19, 2025

Healthcare Services

Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses. Cigna will continue to provide pharmacy benefit services through Evernorth under transition service agreements, and HCSC said the deal expands its Medicare capabilities and geographic presence across the United States.

AssuredPartners Acquires Midwest Group Benefits, Inc.

May 9, 2022

Insurance

AssuredPartners, Inc., a national insurance broker based in Lake Mary, Florida, announced the acquisition of Midwest Group Benefits, Inc. of Decorah, Iowa. The Midwest Group Benefits team of 10 — led by Sara Hotvedt — will join AssuredPartners; the agency reports approximately $1.1 million in annualized revenues and the deal expands AssuredPartners' employee benefits presence in Iowa and the Great Plains region.