The Standard Acquires Elevance Health Life & Disability Business
April 1, 2024
StanCorp Financial Group Inc. (The Standard) closed its acquisition of Elevance Health’s Life & Disability business and added absence management and paid family leave businesses under The Standard brand. The deal also includes a 10-year distribution partnership in which The Standard’s products and services are made available to Elevance Health customers.
- Buyers
- StanCorp Financial Group, Inc. (The Standard)
- Targets
- Elevance Health Life & Disability business, Elevance Health absence management business, Elevance Health paid family leave business, Elevance Health accidental death and dismemberment business
- Sellers
- Elevance Health
- Industry
- Financial Services
- Location
- Oregon, United States
- Transaction Type
- Buyout
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