Voya Financial to Acquire Benefitfocus
November 2, 2022
Voya Financial has entered into a definitive agreement to acquire Benefitfocus in an all-cash transaction valued at approximately $570 million, including Benefitfocus debt and outstanding preferred shares. Under the terms, Voya will purchase all outstanding shares of Benefitfocus common stock for $10.50 per share, with the deal expected to close in the first quarter of 2023.
- Buyers
- Voya Financial
- Targets
- Benefitfocus, Inc.
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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