Voya Financial to Acquire Benefitfocus

Voya Financial Acquires Benefit Strategies, LLC

May 10, 2021

Financial Services

Voya Financial, Inc. has acquired Benefit Strategies, LLC, a third-party administrator of HSAs, FSAs, HRAs, COBRA and related workplace benefits. The acquisition (closed July 2021) adds roughly 150 employees, ~3,400 employer clients and nearly 370,000 participant accounts to Voya, strengthening its workplace health savings and spending account capabilities.

Voya Financial to Acquire OneAmerica Financial Retirement Plan Business

September 11, 2024

Financial Services

Voya Financial has entered into a definitive agreement to acquire OneAmerica Financial’s full-service retirement plan business. The deal is expected to close on January 1, 2025, subject to customary closing conditions and regulatory approvals.

Peoples Bank (Peoples Bancorp) Acquires Vantage Financial

February 16, 2022

Financial Services

Peoples Bank, a wholly owned subsidiary of Peoples Bancorp Inc., acquired Vantage Financial for $54 million in cash and agreed to repay approximately $21 million of Vantage recourse debt; the deal closed in March 2022. Vantage will continue to operate under its name as a subsidiary, with the majority of its leadership staying in place while co-founder Bob Murphy retires.

Benefitfocus Acquires Tango Health

November 17, 2021

Cloud & SaaS

Benefitfocus, Inc. (NASDAQ: BNFT) has agreed to acquire Tango Health, an Austin-based software and services provider specializing in Affordable Care Act (ACA) compliance, reporting and benefits decision support. The acquisition expands Benefitfocus’s benefits administration platform by adding Tango Health’s ACA compliance, reporting and employee decision-support capabilities to strengthen its end-to-end offering for employers, health plans and brokers.

Choice Financial Group Acquires Employee Benefits of Virginia

December 18, 2024

Insurance

Choice Financial Group, a Virginia Beach–headquartered insurance agency backed by Northlane Capital Partners, has acquired Employee Benefits of Virginia, a Richmond-area employee benefits advisory firm. The deal expands Choice's employee benefits capabilities and strengthens its presence in the Mid-Atlantic (Virginia) market.

Bausch + Lomb Acquires AcuFocus, Inc.

January 17, 2023

Medical Devices

Bausch + Lomb Corporation has acquired AcuFocus, Inc. through an affiliate via a merger with AcuFocus’s parent company. The acquisition adds AcuFocus’s IC‑8 Apthera small‑aperture extended‑depth‑of‑focus intraocular lens to Bausch + Lomb’s surgical portfolio to expand capabilities in premium cataract IOL offerings.