Aetna has agreed to acquire Chicago-based bswift, which offers a technology platform that powers health insurance exchanges, for approximately $400 million. The company, which has about 380 employees will remain a separate business within Aetna led by its current team. Bswift raised about $51 million from Great Hill Partners earlier this year.
“Bswift’s consumer-friendly technology for benefits...
Health insurers need to make a change fast, according to a new report from investment firm the Psilos Group. The group's 2014 Healthcare Outlook report contends that the shift in insurers' customer base from mostly employers to mostly individuals, spurred by the Affordable Care Act, will lead to a major shift in how the insurance market works.
“The health insurance industry’s 50-year legacy as a...
Steve Krupa, Managing Member, Psilos
"We are about to have a significant flip in the competitive dynamics of healthcare," Steve Krupa, managing member and Chief Operating Officer, of healthcare investment firm Psilos told MobiHealthNews in a recent interview. "It’s going to be quite severe and shocking across the board for the big and small players delivering health insurance, providers, and...
