Madison Dearborn Partners announced it has completed its earlier disclosed acquisition of Benefytt Technologies
Maintaining its brand name, CEO, and headquarters, Benefytt will build on its tech-first mission-enabling consumers to connect with Medicare and other health and life insurance products.
Transaction closure is expected post-Madison’s purchase of ~95.2% (13.6M shares of Class A common stock) of Benefytt’s outstanding shares for $31/share in an all-cash tender offer.
No shares of Benefytt’s Class B common stock were outstanding post-tender offer expiration; shares were accepted for payment by a wholly-owned subsidiary of Madison, Daylight Beta.
Benefytt is now a private company, no longer listed on the Nasdaq.