Health Care Service Corporation Acquires Trustmark Health Benefits
August 11, 2022
Health Care Service Corporation (HCSC) has signed a definitive agreement to acquire Trustmark Health Benefits, the third-party administrator subsidiary of Trustco Holdings/Trustmark, to expand HCSC’s capabilities serving self-funded employers. The deal — subject to customary closing conditions and regulatory approvals — will integrate Health Benefits’ customizable plan design, claims administration and data-driven services into HCSC’s offerings while Trustmark refocuses on other growth markets.
- Buyers
- Health Care Service Corporation (HCSC)
- Targets
- Trustmark Health Benefits
- Sellers
- Trustco Holdings, Inc. (Trustmark), Trustmark Mutual Holding Company
- Industry
- Insurance
- Location
- Illinois, United States
- Transaction Type
- Buyout
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