11 private equity-backed Medicare Advantage companies

Most private investments in the Medicare Advantage space go to companies specializing in marketing and selling MA plans, according to a Feb. 13 report from the Private Equity Stakeholder Project. 

According to the watchdog group, deals in the space are slowing down, as investors face higher interest rates and more scrutiny from CMS on marketing and brokering MA plans. 

In addition to marketing firms, some fledgling MA plans are backed by private equity before being acquired by larger insurers, according to the report. 

Here are 11 private-equity backed MA companies to keep an eye on, according to the Private Equity Stakeholder Project: 

Marketing groups:

1. Integrity Marketing Group
   Employees: 5,000 

2. AmeriLife Group
   Employees: 1,800

3. Benefytt Technologies
   Employees: 855 

4. The Hilb Group
   Employees: 2,000 

5. Spring Venture Group
   Employees: 1,227 

Providers

6. InnovaCare Health
   Offers value-based care for older adults
   Employees: 259 

7. Matrix Medical Network
   Partners with plans on in-home health assessments
   Employees: 5,000

8. Palm Medical Centers
   Value-based primary care provider
   Employees: 500 

9. Better Health Group
   Value-based care provider
   Employees: 400 

MA plans 

10. AllyAlign Health
    Offers MA plans for senior living communities
    Employees: 149 

11. Global Health
    Offers HMO plans, including MA plans, and owns Medical Card System, which provides MA plans in Puerto Rico
    Employees: 120