Overview of Transaction

 

• Corporate Benefit Audits "CBA" is a national health insurance claims auditor servicing carriers and MGU's with hundreds of millions of health insurance premiums operating out of North Andover Massachusetts.

• With a 25-year history, CBA provides an array of services to stop loss providers including claims and administrator audits as well as consulting services including stop loss policy review and plan document reviews. Services can be provided to employers directly as well which might include randomized claim audits, an operational review, or a pharmacy benefit audit.

• CBA agreed to be acquired by Risk Strategies Companies, a Top 20 National Insurance Broker.

 

Significance of Transaction

 

• The Corporate Benefit Audits acquisition furthers strengthens Risk Strategies Health Insurance operation and augments its position in rounding out the full service capabilities of dominant brokers.

• The CBA leadership team will remain with Risk Strategies and work closely with distribution to utilize the services which are being brought in house when appropriate.

 

Sica | Fletcher's Role

 

• Sica | Fletcher served as exclusive strategic and financial advisor to CBA.

• CBA engaged Sica Fletcher to explore multiple strategic options for the firm.

• The Corporate Benefit Audits transaction builds on Sica | Fletcher's track record of success across the Employee Benefits/Health Insurance space.

• This transaction further highlights our strong relationships with top-tier investors, having previously worked with Risk Strategies on numerous deals.