Aetna to acquire private exchange provider Bswift for $400M

Health insurer Aetna has announced plans to acquire Chicago-based Bswift, an online private exchange provider, for $400 million, according to a Crain’s Chicago Business report.

Advertisement

Bswift provides the technology for benefit administration and purchasing insurance on private exchanges.

“Aetna will help expand the reach of our technology and benefits services with a goal of creating a true consumer marketplace for healthcare,” said Rich Gallun, CEO of Bswift.

More articles on exchanges:

Insurers predict 20% jump in 2015 enrollment numbers 
UnitedHealthcare to offer plans on Alabama insurance exchange 
Aetna, Sam’s Club to launch private health insurance exchange 

Advertisement

Next Up in Payer

Advertisement

Comments are closed.