AXA : accelerates its Payer-to-Partner strategy with the acquisition of Maestro Health

AXA announced today that it had entered into an agreement to acquire Maestro Health, Inc. ('Maestro Health'), a US health benefit administration digital company. Total consideration for the acquisition would amount to USD 155 million* (or Euro 127 million*).

Maestro Health provides a digital integrated platform encompassing a full set of health benefit administration services and third-party administrator services for self-insured companies, including care coordination solutions for employees, enabling companies to be more effective in lowering healthcare costs and empowering employees to make better health-related choices.

Founded in 2013, the Chicago-based company has more than 300 employees and targets mid-size and large-size employers across the United States, currently covering over 1 million lives.

This transaction reflects AXA's continued strong focus on the health business and supports its Payer-to-Partner strategy, in line with Ambition 2020. Starting with a platform in the US, the most advanced and innovative market in this respect, it represents an important step towards building a comprehensive and long-term population health management solution to provide better care at lower cost.