Connecture paid $5 million for ConnectedHealth

Brookfield health insurance software firm adds capabilities


Brookfield-based Connecture Inc. paid $5 million in cash for its acquisition of Chicago-based ConnectedHealth LLC Tuesday, according to an SEC document the company filed today.

Connecture CEO Jeff Surges

Connecture used cash available on its balance sheet to fund the acquisition, the filing says. Other details of the transaction specifics were not included in the public document.

ConnectedHealth has developed an online consumer platform used to shop for personalized health insurance and benefits.

Connecture makes web-based information systems used to create health insurance marketplaces for the consumer that recommend the best insurance plan based on an individual’s preferences, health status, preferred providers, medications and expected out-of-pocket costs.

The acquisition will allow the companies to combine their technologies into one solution that meets some openings in the market.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Molly Dill, former BizTimes Milwaukee managing editor.

No posts to display