Seale Advised AXA on the Divestiture of Maestro Health
Seale & Associates announced that it acted as exclusive financial advisor to AXA SA (ENXTPA:CS) (“AXA”) on the divestiture of Maestro Health (“Maestro”), a technology-enabled health services provider in the U.S., to Marpai, Inc. (Nasdaq: MRAI) ("Marpai"), a technology company bringing AI-powered health plan services to self-insured employers.
"Maestro shares our vision on how to improve healthcare for employees and family members covered by self-insured plans," said Edmundo Gonzalez, CEO of Marpai."There are tremendous revenue synergies. Maestro has in-house care management that helps members live healthier lives, and we intend to roll this out to the Marpai member base. The Maestro cost containment solutions will also be rolled out to our client base. Marpai's proactive match-making of members to ensure the best care will also be introduced to the Maestro client base."
“We are very pleased to have advised AXA on this transaction and wish the combined Marpai and Maestro teams success in the future,” said Robert Whitney, Managing Director with Seale.
About AXA
AXA is a global leader in insurance and asset management, serving over 90 million clients in more than 50 countries. From health and life insurance to property and casualty coverage, AXA offers a comprehensive range of solutions designed to safeguard your future. With a team of over 100,000 dedicated professionals, AXA is committed to providing innovative and personalized support every step of the way. For more information, please visit www.axa.com.
About Marpai
Marpai, Inc. (Nasdaq: MRAI) is a technology company bringing AI-powered health plan services to employers that directly pay for employee health benefits. Primarily competing in the $22B TPA (Third Party Administrator) sector serving self-funded employer health plans representing over $1T in annual claims, Marpai maximizes the value of the health plan as measured in health outcomes.
Marpai takes a member-centric approach that uses AI and big data to connect members to health solutions predicted to have a high probability of positive outcomes and aims to bring value-based care to the self-insured market. For more information, please visit www.marpaihealth.com.
About Seale & Associates
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.
