Madison Dearborn Partners acquires Benefytt Technologies


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.



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